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A Response to the Request for Proposals No. 4051-01414 for the 
REDEVELOPMENT OF THE WORLD TRADE CENTER SITE 



Presented to 

THE CITY OF NEW ORLEANS and THE NEW ORLEANS BUILDING CORPORATION 




An Iconic Re-Development Project at the Heart of the City, 
the Country and the Hemisphere, in New Orleans, Louisiana 



James H. Burch LLC 

James H. Burch, Managing Partner 
13419 Cavalier Woods Drive / Clifton, VA 20124 
703-818-8080 / Jim@JamesHBurch.com 

April 17, 2013 



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Response to RFP No. 4051-01414 
for the REDEVELOPMENT of the 
WORLD TRADE CENTER SITE 
Presented to 
THE CITY OF NEW ORLEANS and 
THE NEW ORLEANS BUILDING 
CORPORATION 

bv 

James H. Burch LLC 

James H. Burch, Managing Partner 
13419 Cavalier Woods Drive / Clifton, VA 20124 
703-818-8080 / Jim@JamesHBurch.com 



New Orleans Building Corporation 
Bureau of Purchasing 

Chief Procurement Officer April 17, 2013 

The City of New Orleans 
1300 Perdido, Suite 4W04 
New Orleans, LA 70112 

Ladies and Gentlemen: 



It is with great pleasure and anticipation that we present our proposal in response to RFP 4051-01414 for the 
Redevelopment of the World Trade Center Site. I make this offer on behalf of my company, our investors, 
ColumbiaNational, and our wonderful team of talented people - all of whom are elated at the prospect of being 
able to bring back to greater life this iconic site in the wonderful city of New Orleans, As you will see from our 
attached proposal, we have spent a great deal of time, and have brought in some of the best talent in the United 
States to apply to this site - a site which we think is worthy of that talent and human ingenuity. We have great 
faith in the creativity, solid prospects, and spot-on fittingness of the proposal we make here, believe they will be 
evident to you, and that the city and the people of New Orlens will be thrilled and proud to see what is coming. 
We also are fully confident of our ability to get this done. 

Here is a synopsis of what we propose. 

We have spoken with officials of the World Trade Center New Orleans, and have discussed with them their 
return to this building at the end of their current lease, They look forward to this, but will only be able to 
confirm any decision to us upon our signing a lease for the site with the city. They have, however, given us 
permission to use the name, conditioned upon this occurance, and so our name is: The World Trade Center. 

We Propose The Following Component Uses of the Site (approximate at this time): 

Rooftop lounge and full floor restaurant 

On the 33 [d floor rooftop lounge, the revolving restaurant will be completely redone, and possibly 
outdoor bar and private events facility can be constructed on the roof. The historic restaurant will be 
rejuvenated and again opened to the public. 




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Page 2 

Purchasing Department - RFP No. 4051-01414 
April 16, 2013 



550 room luxury hotel/resort 

The largest footprint in the building will be the luxury hotel. We have come to points of interest with 
four brands, each of whom would produce a new niche for New Orleans, and is not presently in the city. 
Shortly after award of the bid, we expect to then determine which hotel will fill this niche, At this time, 
although each hotel has its own "sweet spot," we find most hovering around 550 rooms, plus 
management of the rooftop lounge and 30 th floor restaurant, with elegant guest facilities. 

The World Plaza 

Our most innovative proposal is to connect the pedestrians passing Convention Center Boulevard into 
our new World Plaza and through to Spanish Plaza. We do this by opening up the exterior walls of three 
lower floors of the World Trade Center building, making them pass-through from the city activity to the 
riverfront. Our site will be local and unique retail - unlike any local retail or any national "mall" available 
now - including music clubs with open windows so that music filters out to the plaza levels, entertaining 
and attracting visitors at the same time. Our anchors will compliment the small retail stores, and will be 
like no other In the city: three or four clubs, such as Danny O'Flaherty's Folk World - providing 
entertainment to both its interior customers and to passers-by; the monument film of New Orleans 
(identified next, below), its history and the character of its people - viewed on an outside shaded patio; 
the grand entrance to Eyes on the World (see below); a glass-enclosed studio kitchen with audience 
seating for the celebrity chefs of New Orleans to offer classes to paying audiences, seen by viewers 
through the glass walls, and to international TV audiences; and - with permissions and feasibility - 
converting the regular fountain at Spanish Plaza into Dancing Fountains with hourly special water 
fountain shows. Through creative stepped-up and down design, the city will be tied to the riverfront. 

The Monument to the People of New Orleans 

A large video screen built into a glass monument, and showing the remarkable history of New Orleans, 
its grit and determination and joy. This will be seen from up Canal Street, and the other side of the 
monument will have the same video showing for patrons of one of the Plaza's clubs to watch at shaded 
tables, serving food and drink. An eye-catching inscription (draft) chiseled in the monument will sum up 
the great humanity of the people of New Orleans: "Our center is our heart. This center city has always 
expressed the joy and the love of the people of New Orleans. It shines to the people of Louisiana, the 
USA, the Americas, and the world to say: WE LOVE EACH OTHER. WE CARE FOR EACH OTHER. WE LISTEN 
TO THE TUNES OF OUR SOULS. And we thank you for sharing our joys and enriching our lives. " 

The Return of the World Trade Center New Orleans 

This building is the historic home of the first world trade center in the world. The identification between 
the institution and the landmark site is iron-tight. We have invited them to return and offered them 
3,000 sq. ft. of free office space. They are interested, and ready to talk with us when we win this bid. 

Foreign Consulates and "Eyes on the World" 

We have dedicated four complete floors to the return of consulates from (we expect) nearly every 
nation in the world. These consulates will lease this space because not only will these consulates 
conduct their usual business there, but 16 wings (4 per floor) will be dedicated to the 16 regions of the 
world, with each wing dedicated to one region (e.g., "South America"), and designed by our 
incomparable architects to reflect the culture, design and attractions of that country. This will 
additionally be a place for tourists to pay an entrance fee, and "visit the world!" 



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Page 3 

Purchasing Department - 
April 16, 2013 



RFP No. 4051-01414 



Luxury Office Space 

Four floors (100,000 sq. ft. gross space) dedicated to Class A office space, overlooking the French 
Quarter, the CBD or the Mississippi River. 

Luxury Residental 

We will offer 42 one bedroom/one bath units, and 46 two bedroom/two bath units for lease. These will 
be upscale units. 



Of course, we are aware of reputed problems: possibly inadequate interior stairways, current lack of parking for 
visitors to this site, the volume of ferry traffic tieing up the area, etc. We see no inordinate difficulty in being 
able to solve these problems. Everything has problems. And everything- with the right minds at work (like the 
city, our consultants and us) - has solutions. 

We take great pride in the quality of the team selected to design and build this project presented in this 
proposal. Perhaps the greatest architects for high-end resorts, hotels and attractions in the world is the 
company we have as lead design: WATG - Wimberly Allison Tong & Goo- who have designed about 40% of the 
greatest buildings in this field. The local architectural firm of Perez is second to none as well, and have proven 
their credentials in great buildings in New Orleans and the USA. Our consulting architect, Peter Capone, AIA, is 
the last living partner of Edward Durrel Stone, who designed this building in the early 1960. And the feat of 
bringing this into existence is going to go to the local New Orleans firm that has built much in New Orleans, is 
quickly earning its reputation as among the best builders in America, and whose reputation is shining: The 
McDonnel Group, our General Contractor. To make certain that all the every aspect of our plans are 
economically feasible and that costs, revenues and fees are projected correctly, we have selected Schnellbacher 
Development Services, for ongoing Market Analysis, headed by Gary Schnellbacher, who knows this city 
(through his former association with PKF studies) and these projected uses thoroughly. Residential rentals will 
be represented by a premiere real estate firm in the city, Dorian Bennett's Sotheby's International Realty. The 
oversight of the project is anticipated to be handled by the extremely capable firm of Arey-Peer Partners, who 
have scores of projects of this scope under their belt. 

Our offer to the city is for a 99 YEAR LEASE, WITH FIVE MILLION DOLLARS ($5,000,000) PAID EVENLY OVER THE 
FOUR YEARS OF CONSTRUCTION, FOLLOWED BY ANNUAL LEASE PAYMENTS OF ONE MILLION FIVE HUNDRED 
THOUSAND DOLLARS ($1,500,000), PERIODICALLY RECALCULATED. Our financial source for this venture is the 
renown firm of ColumbiaNational of Columbia, Maryland - originally founded by legendary Jim Rouse, and 
still following his mantra of building creative communities that enhance their surroundings, are financially 
empowering, and project the area toward a greater economy and lifestyle. ColumbiaNational has $6 billion in 
commercial and multi-family mortgages - one of the largest and most efficient portfolios in the industry. 
Their commitment is strong, pending our final lease negotiations with the city. 

We anticipate a minimum of 3,500 new construction jobs in the city and parish, and 3,600 new jobs after the 
project becomes operational. We stress that these are very conservative and minimal estimate numbers, and 
the result will probably be much greater. The region will see expenditures of $129.7 million expended locally 
during construction, and nearly $72 million annually during operation - or nearly $7 BILLION over the life of 
the lease (at today's dollars). DBE and local city/parish participation is to the satisfaction of city requirements. 



Page 4 

Purchasing Department - 
April 16, 2013 



RFP No. 4051-01414 



This is a project of consequence - to the city and its financial future, to the citizens of New Orleans and Orleans 
Parish, and to ourselves as developers as well. We anticipate, in our preliminary estimation of costs, that we will 
spend $180 million in creating the proposal we offer to you here. 

We are aware of its importance, its vitality, its creativity, is component parts all working together, the way it will 
bring additional tourism dollars to the city and to the other businesses presently attendant to tourism in New 
Orleans. In fact, we offer new attractions not otherwise offered in the city- in the Eyes on the World and the 
World Plaza. We know that our development will open the riverfront up to new and vibrant use by both local 
citizens and visitors. We think that from our efforts New Orleans will see MORE tourists than presently, and that 
they will then SPEND MORE MONEY while here. 

There could not be a more world-class civic use for this site than that proposed here ... simply unparralleled 
community benefit, uses that will actually be USED by citizens and visitors with tremendous enthusiasm. 

Most of all, we see in the city and its leaders a great foresight in how you see the greatness of this remarkable 
city unfolding. We anticipate and offer our services to assist you in this challenging endeavor by making the 
World Trade Center redevelopment one of the greatest achievements in the city's history of great 
achievements. 



Respectfully submitted, 



Managing Partner 

(and Primary Contact for the city) 

James H. Burch LLC 

Jim@JamesHBurch.com 

703-818-8080 




Attachments: Seven (7) bound hard copies of our proposal with detailed descriptions 
An electronic submission of our proposal in Flash Drive, in PDF file 
A cashier's check in the amount of $50,000 
Completed, signed and notarized forms as required by the RFP 



Contents Page 

Contents 6 

Introduction 10 

Detailed Description of the Proposed Redevelopment 13 

1. Ownership of the Developer Entities 14 

2. Members of the Development Team 14 

3. Contact Persons for Correspondence and Notification 
Purposes, and Authorized Representatives to Work with 

NOBC 14 

4. Schedule for the Project 15 

5. Comprehensive Plan / NARRATIVE 16 

6. Balance between Commercial Uses and Civic Potential / 
Description of Use of Space with Design Elements for Civic 

and Community Benefit 24 

7. Plans 25 

Exterior Elements 26 

- The Revolving Lounge/Bar and Rooftops 27 

- The Exterior Architecture of the X-Shaped Building 

Facade 29 

The Lower Three Floors 29 

Boasting the City: Proclaiming its Grit, its Verve, 

Its Determination, its Feeling 30 

Upgrade, Uplift, Rejuvenate and Extol Spanish 

Plaza 32 

Grade-Level Improvements Over Tracks 34 

Parking, Access and Grade Level Ingress/Egress 35 

- FLOOR BY FLOOR DESCRIPTION OF USES 36 

• Bar/Lounges / Outdoor Lounges / Garden / 

Restaurants / Banquets \ Meetings 39 

• Residential Rentals 41 

• The Luxury Hotel & Resort 42 

• Leased Office Space / Donated Office Space / 

World Trade Center New Orleans and Other 

NOLA Non-Profits 43 

• Parking Garage (option) 45 

• "Eyes on the World" 46 

• World Plaza Level/Open Space Retail 49 



Importance of Foot Traffic and the Streetcar service ... 57 



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Samples of Elevation 58 

Summary of Development Concept 59 

8. Proposed Maintenance Program for All Space and Facilities 

to be Accessible to the Public 64 

Employment Projections 65 

1. Pre-construction And Construction 66 

2. Permanent and Part-Time 66 

3. At least Thirty-Five Percent 35% DBE Participation 67 

4. Orleans Parish/Local Business Participation 71 

Qualifications and Performance History of the Respondent 72 

1. All Owners of the Development Entities 73 

2. Members of the Development Team 76 

3. Prior Projects of the Main Development Entities, in 
Which There was Extensive Experience with 

Governmental Entities 120 

Financial Capacity of Respondent 123 

1. Financing Plan and Business Offer 124 

2. Evidence of Developer Financial Ability 126 

3. Surety Company Approval 130 

Financial Feasibility of the Project 131 

1. Market Analysis 132 

2. Pro Forma Development Budget and Operating Projections . 155 

3. Proposed Financing and Financing Sources and Uses 166 

4. Detail of all Direct and Indirect Economic Benefits to NOBC 

and the City 170 

5. Special Considerations Asked of the City 173 

Other Requirements (documents and forms) 175 

1. $50,000 Deposit 176 

2. Completed Forms 178 



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Attachments / Letters of Commitment 188 

1. General Contractor: 

The McDonnel Group 189 

2. Principal Design Architects: 

Wimberly Allison Tong & Goo 190 

3. Local Architects: 

Perez 192 

4. Consulting Architect: 

Peter Capone, Al A (last living partner of Edward Durrel Stone) 193 

5. Market Analysis: 

Gary Schnellbacher 194 

6. Residential Rental Realtor: 

Dorian Bennett, Sotheby's International Realty 199 

7. First Commitment of Entertainment: 

Danny O'Flaherty's Folk World 200 

8. Construction Manager/Owner's Representative: 

Arey-Peer Partnership 201 



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9 I P a g e 



Introduction 



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The World Trade Center (WTC) building is the original of the 300+ World Trade Centers now a part of 
the World Trade Centers Association. The local WTC organization itself moved from the New Orleans 
World Trade Center building (our subject site) in 2012 when the city bought the WTC out of their lease 
there for $2.3 million. In its heyday, the World Trade Center at the foot of Canal Street was a bustling 
destination, its 33 floors occupied by consulates as well as maritime and other businesses. Designed by 
famed architect Edward Durell Stone, (whose architect/partner, Peter Capone, is part of our team) the 
X-shaped, 404-foot tower — the first world trade center — opened in 1967. 

Moreover, the World Trade Center building is a building that just about everyone knows. Many people 
from around the country and the world know it. They know where it is, what its name is, and at least 
vaguely how important it is to the City of New Orleans. That's not something that ought to be lost. 

It is the Respondents' unwavering conclusion 
that this building and site will return to - and 
will surpass - its former status. It will reflect 
the resurrected New Orleans. 

James H. Burch LLC is the developer of the project, and is working towards acquiring the services of 
Arey-Peer Partners, Peter Arey and Steven Peer, as the owners' rep/construction manager, upon 
execution of the lease with the city . The McDonnel Group will be the general contractor. Perez will do 
the architecture, in conjunction with Wimberly Allison Tong & Goo of Irvine, CA. 

We have chosen to re-title the building in its original name: "World Trade Center.," It connotes 1) the 
iconic architecture of the building, deeply ingrained in the fabric of New Orleans since this building 
became the capstone of the city's major rejuvenation in the 1960s; 2) the extraordinarily prime 
location at the very center of the most prominent buildings, districts, activities, business and tourism 
attractions in this famous American city; 3) New Orleans centrality in the United States, which draws 
conventions and visitors, even away from other central US cities because of its warm weather and 
bustling array of tourism attractions; and 4) its centrality within the Western Hemisphere to both 
business and tourism. The World Trade Center New Orleans has verbally indicated that they would like 
to return to this building, their home since 1967, and which is so linked to their existence and mission. 
We understand that they cannot commit to that until we win the bid and make a concrete offer to 
them. But they have given us verbal permission to use the WTC name, conditioned upon our meeting 
this mutual goal after our winning the bid, and proceeding to lease agreement negotiations with the 
city. For our part, we want them to return, and anticipate that that will be accomplished once their 
current leases expire. Therefore, with their permission, we state in this proposal that 

this building will be returned to its historic 
name: 'The World Trade Center/' 



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Note: 

We are aware of the belief in some quarters that leveling the building and leaving only a larger plaza 
there would create a new communal, civic use place. There are three main arguments against that as 
this site's singular p urpose. First, it would have no anchor, no reason for its existence other than being a 
large place (what's the draw once you get there? In every other major city where that has been tried, 
only emptiness eventually results. An occasional concert doesn't cut it). Second, it would at best be a 
meager creator of cash flow for the city (why pay big money to tear something costly down, when it does 
not make any significant return or profitability at all?). Finally, it would be the destruction of an iconic 
symbol of the resurrection of New Orleans. After all, this building spear-headed the first big 1960s 
reinvigoration of the city of New Orleans. 

Why not do it again? Why not tie that good idea - the idea of a revitalized waterfront - into the good 
ideas here. Let's together make this site what it was: the statement of New Orleans' greatness. 

We feel that the city really would not want an iconic and monumental building to be torn down that 
everyone who has ever been to New Orleans ALREADY KNOWS, in favor of building a new structure that 
they HOPE will become iconic and monumental over many years to come? It's just that nobody has come 
up with a good-enough plan yet. Until now! The city is wisely making certain that it has options, because 
every proposal in the past has been lacking. So now we all ask together: "Why lose jobs from this site 
rather than make them, when the building will generate jobs and an open space will not?" Let us, the 
developer, pay the BIG MONEY and not the city, while the city uses the substantial profit it will make 
from our activities and improves the waterfront without dipping into public funds. This is a Win-Win. 

It is prudent government to have a fall-back position; most governments don't think that far ahead. The 
only better alternative is not to have to use that fall-back position because you have in hand a proposal 
that makes this a clear choice: our proposal which generates income for the city vs. a proposal to tear 
something down, expend money and then not make money. We applaud the idea of creating a 
waterfront along the Mississippi River that will draw the public to it. The city obviously sees that 
something comprehensive can revitalize the waterfront - and this time it will be right. If the city wishes 
to create a new master plan the riverfront so as to make it more useable, that would be wonderful. 
Whatever might be done in this regard, THE PROPOSAL WE MAKE HERE WOULD COMPLIMENT 
ANYTHING THAT MIGHT COME LATER. 

It is the Spanish Plaza and the Dock Board land that needs reworking. The World Trade Center site needs 
REDEVELOPMENT, not demolition (and energy used in annihilation is SO NON-GREEN). This site is far 
enough back from the water's edge, and close enough to the city activity, that its development as 
proposed here would not interfere in any future waterfront plans, and could only enhance them, by 
attracting more people to go there. 

Moreover, the new money the city will be deriving in direct and indirect taxes resulting from the uses we 
propose here can help any future riverfront development. We congratulate the foresight and wisdom in 
the merger of our plan and that of the city. When the smoke clears, the city has set this up well. 



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Detailed Description 
of the Proposed Redevelopment 



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1. Ownership of the Development Entities 



James H. Burch LLC 

Owned by James H. Burch (100%) 



2. Developers 




(Qualifications to follow later in this Presentation) 

James H. Burch LLC 

13419 Cavalier Woods Drive 
Clifton, VA 20124 

Arey and Peer Partners 

Construction Management and Owners' Representative 
Great Falls, VA 



3. Contact Persons 




(for Correspondence and Notification, and Authorized Representatives to Work with NOBC) 



Mr. James H. Burch, Managing Partner 

James H. Burch LLC 
Jim@JamesHBurch.com 

13419 Cavalier Woods Drive, Clifton, VA 20124 

703-818-8080 

Jim@JamesHBurch.com 

Representing the Managing Partner of the Venture: 
Mr. Peter Arey, Partner 

Arey and Peer Partners 
Great Falls, VA 
Phone: 703-789-7612 
Peter@areyinc.com 



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4. Schedule for the Project 




FIRST SIX MONTHS 

Upon execution of the developer's lease with New Orleans, work will IMMEDIATELY begin: gutting all 
the floors; refurbishing the elevators, the motor of the revolving rooftop lounge; refurbishment of 
exterior siding and windows; mechanical, plumbing and electrical core work; removal of the walls on the 
lower three floors of the building; architectural and engineering drawings for fast track submission. 

SECOND SIX MONTHS 

The World Plaza will be expanded through three lower floors of the World Trade Center building out to 
Convention Center Boulevard; interior work on all segments of the building will be begun; leases 
solicited. The World Plaza will seamlessly tie into the Spanish Plaza. Some exterior building work will 
begin; interior renovations will begin, based on fact track approvals, depending on the city's timing. 

THIRD SIX MONTHS 

Construction will be ongoing; offices, consulates ("Eyes on the World"), retail lease options will be 
presented to future lessees; the parking will be under construction or renovation, in conjunction with 
the city; the monument facing up Canal Street will be under construction; the retail ground level floors 
and exterior extension of Spanish Plaza will be nearly completed. 

2015 -THE TRICENTENNIAL! 

The monument will be completed early in the year. The hotel, office and residential will be under 
construction. The Spanish Plaza will now tie into World Plaza and open in the spring, depending on city 
fast tracking approvals' schedule. World Plaza retail will open in the spring. The WTCNO office space will 
be ready for when their current lease expires. Model residential rental units will be ready for showing 
for lease. Danny O'Flaherty's Folk World and other night clubs will open. The monument and the 
inscription will be complete. THE EXTERIOR OF THE SITE WILL BE READY FOR THE TRICENTENNIAL! 

2016 -COMPLETION 

Depending almost completely on the city's response time to the developer's submissions and permit 
requests, it is the developer's plan to complete the construction and open all phases by late 2016. 




At the foot of Canal Street, the World Trade Center building is the focal point of New Orleans. 



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Comprehensive plan - A Narrative Description 



Because the World Trade Center Building has been such an important part of New Orleans for the past 
almost five decades, the spearhead of the rejuvenation of the city, and a source of pride for the city's 
leadership in international trade - for these reasons and more, we feel an obligation to return it to its 
destiny. Additionally, this iconic building sits at the cornerstone of the City of New Orleans - right at the 
edge of the French Quarter and the Central Business District, and at the foot of Canal Street and Poydras 
Street. It has the potential to tie all the beautiful and vast elements of this one-of-a-kind city together, 
to exemplify and shine a light on all the powerful joys and talents of this unique blend of people. And 
that is a potential we offer to bring to full fruition with this proposal. 

We have longingly anticipated this bid and savored it as we put our concepts to paper. Winning this bid 
and successfully negotiating a joint vision with the city's representatives, we will together accomplish 
with the city at this site what we propose here. In fact, what we propose will be improved as the city 
and we move it forward in our constructive negotiations. 

Some Caveats 

Our proposals are not single use. They are not plain vanilla. They are not just a way for the developers 
and the city to merely use the site for the acquisition of money, though that certainly happens, given 
time. Nothing, though, happens in a flash. Everything here requires more thought, more interaction with 
the city, more answers to problems that could never be answered fully by April 17, 2013 for those 
wishing to do it right. 

For these reasons, we have obviously not presented a fully finished product. We suspect you were wise 
enough to have understood that from the beginning, which is why you put in up to a four month 
negotiation period. But we believe the city's representatives will find that we have presented more than 
adequate documentation to show 

unsurpassed creativity, income on a sustained 
basis for the city beyond expectations, a 
coalescing of strengths that will re-emphasize 
the beauties and talents and joys of this city 
and its people. 



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Let us show a couple of examples of what we should NOT be doing at this point, even though we might 
like to and wish that we could. 




First, the history of the building is important, most especially for the city, but also for the historic tax 
credits such historic preservation makes available, and which enables us to do much more here than 
would otherwise be economically feasible. One issue of historic preservation is the question of the 
facade - the concrete exterior walls and the small windows. Are these a part of the historical part of the 
building or not? The answer makes a big difference on whether or not the building is re-clad and 
resurfaced or whether the exterior is left relatively as is. At this point, we have the last remain living 
partner, Peter Capone, AIA, of the original architect, Edward Durell Stone, as a consultant to James H. 
Burch LLC, who tells us that the concrete exterior and vertical windows were never very important to 
Stone but rather were a last minute completion step. What Stone saw as unique and historic was the "X" 
shape of the building, at its precise location. Nevertheless, the right answer to this question requires 
much more work and time than could have been accomplished between January 3, 2013 and April 17, 
2013, and then to get the design done properly. However, it is something we will quickly proceed with, 
something we are in process of, should we win this bid. For now, we show a building whose concrete 
exterior portions are retained but cleaned and perhaps re-colored, and the same windows minus the 
view-blocking aluminum "fans," and preserving the verticality of exterior design, an updated but clearly 
"New Orleans look." 

Second, another presently-unsolvable problem is that of parking. Without our negotiating with the city, 
any solution will be simply a shot from the hip, and not worthy of serious people. That includes not only 

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the parking structures, but also the number of parking place, given the uniqueness of uses proposed. 
We only want to put forward what we can do, not what may or may not be. Elsewhere in this proposal, 
we outline four parking options. One may work best, or a combination of several. We do not intend to 
insist to the city they must do what we prefer. We would rather lay out the alternatives, ask for the best 
solution from our point of view, and then hear what the city has to say. So there is another decision that 
materially affects what kind of design we will have: where the parking will end up. Yet ... it is a problem 
most certainly solvable. It's just not a problem capable of being solved without the city's involvement. 

If representatives of the city might have been hoping for more final presentations than the fully-credible 
options we are presenting, we hope that they might understand that our making those decisions now 
could dirty the water, harden viewpoints, imply wrong assumptions and not lead to as worthy a 
summation as will occur under the process we hope to be engaged in with you over time. Moreover, we 
believe we have given more than adequate evidence that 

the developers and the team here are 
extremely capable of moving solidly and 
quickly toward what will be the best result 
possible - something for which the city leaders 
and the citizens will be very proud. 

The Name of the Building 

We are calling this building the "World Trade Center." This name is copyrighted by the World Trade 
Center New Orleans (no longer at this building) and by the World Trade Center Association, 
headquartered in New York City. However, we are using this name in anticipation of the World Trade 
Center New Orleans moving back to this building. One of the respondents to this RFP, James H. Burch, 
was the founder and the first chairman of the World Trade Center Washington, DC in the mid-1980s, 
and knows this national organization and many of the people in it. 

We have spoken with officers of the World Trade Center New Orleans to see if they might be interested 
in returning to this building that is so much a part of their history and character. And, yes, the World 
Trade Center New Orleans is interested in returning, when their current lease expires. Without our 
having yet the right to make them a concrete offer, all we can mutually do is talk about it. But we do 
talk about it with anticipation. We, as Respondents to the RFP and potential developers of it, feel that 
would be a wonderful part of this plan, and we have asked them to return, about what we can set aside 
for their return, and how we might tie all the elements of our plan together to enhance their work. (See 
description of our offer to them in later sections of this proposal.) This offer is something we will 
pursue, should we win this bid and successfully negotiate a contract with the city. 



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Should the World Trade Center New Orleans return to this former "World Trade Center Building," then 
the name World Trade Center will once again be attached to the building. We are presuming so in this 
proposal, with their verbal permission. 

What the Building Will Look Like from the Outside 

From a distance - from the river, down Canal Street, down Poydras Street - this site will be the finale, 
the exclamation point of a magnificent city. We propose to clearly define the termination of Canal 
Street at this site, and to reconfigure the plazas to make this visually explicit. One way or another, Canal 
Street will flow into our Convention Center Boulevard street frontage, flow through our opened (i.e., 
removing the walls) three floors, and to the Spanish Plaza. What would be ideal is if the ferry landing 
operation were removed from adjacent to this site and taken somewhere else. Such a move has been 
discussed previously in the city, and we feel it is time now to do that. This is possibly the main focal 
point of the City of New Orleans, and an industrial use which draws heavy commuter traffic simply 
passing through is not the best use here. However, that decision will be the city's alone to make, in 
consultation with other parties. We can only suggest it, and make a case for it. Even should that move 
not occur, it is our intention to connect Spanish Plaza all the way through our building up to Convention 
Center Boulevard by our new "World Plaza." If you consider this a difficult undertaking, we ask only that 
you consult the work our architects have done in the past to conclude that they are more than capable 
of creating a fabulous landmark site here, out of this very concept. 

As discussed previously, the facade of the building will probably not be re-clad in any other material. 
However, this decision will await further studies, and consultation with the city planners. 

The top three floors of this World Trade Center building - the round floors comprising the revolving 
lounge/bar on floor 33 and the mechanical floors 32 and 31 - will be possibly be re-faced with glass and 
mirrors, and to be resplendent atop the building. At night, bright lights will be pointed up and out from 
the lounge/bar roof, projecting up into the sky and able to be seen from the French Quarter and the 
CBD. This light will be able to change color seasonally or at a single instance, so that it might change 
depending on circumstances. However, the light will not shine ON the river or down on the city, or in 
the guests of the lounge/bar or any other part of the building, so that it will not be offensive to people 
trying to sleep, or work, or just go about their business. It will shine UP. This beacon will quickly become 
a feature of the city, known by its citizens and its visitors. Lights have lit the building in the past, and we 
will have our architects study what could be done without intruding on the guests who will now use this 
building at night (as they usually did not do when it was only an office building). 

We don't know of any other such visual light 
landmark in any other city in the world. 



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Possibly the most interesting new and creative undertaking will be the 

Creation of the World Plaza - 

tying seamlessly into the Spanish Plaza. 

We intend to create the World Plaza, by removing the walls of the bottom three floors of the World 
Trade Center building and expanding out onto the now-unused open space, so that there will be a 
seamless expansion to the Spanish Plaza all the way through our building and out to Convention Center 
Boulevard. 

It is a real shame now that the wonderful Mississippi River waterfront is so little used. Such waste will 
end with our plan, especially if the ferry terminal is moved, leaving space for a Mississippi River display. 
If, as we ask (but not require or demand) in this proposal, the city will remove the ferry operation from 
its present site, we will celebrate the Mighty Mississippi with a design on site now used by the ferry 
terminal, that will historically inform as it entertains. It is our proposal that, once access to and from the 
present Spanish Plaza is made easier, that such space (NOT under our control) be enhanced with 
garden/flower overhang walkways, providing shade and fans during the hot summer days, and with 
those walkways wide enough to invite artists, like those who don't presently have enough space at 
Jackson Square, to come to Spanish Plaza. All entertainers and artists would be licensed by the city, as is 
done now by the city. We would like to see this Plaza dedicated to the individual artists selling their 
wares, and to a stage area which we will establish as part of our redesign of the first three floors, which 
would host free jazz concerts of the music of New Orleans every night. The present Spanish Plaza area 
would contain only the artists and the music and the existing food stores allowed presently by the city, 
and no other commercial ventures, so that there would be the most room possible for the artists and 
the people who will come to buy their creations. Each night we might have (depending on eventual 
economic feasibility) a Mini Mardi Gras party throughout the new World Plaza. This will not only be an 
attraction to visitors, but it will also entice them to Mardi Gras World and be a subtle invitation back for 
the real Mardi Gras. All suggestions for the Spanish Plaza are only reguests on our part, as that space is 
not part of the RFP nor of our response, and that space is not within our purview. 

Something has to pay for this festive atmosphere, of course, and that will be our retail area, made from 
the three floors opened up and become a part of the World Plaza, as well as the open space between 
our building and Convention Center Boulevard. This will give us approximately 100,000 sq. ft. of retail 
space, 75,000 sq. ft. net. The tenants of this space will be food and unique, quality, "New Orleans-like" 
stores (not "luxury- too-high-for-average-folks-to-buy" items, but also not junk). First and foremost, 
LOCAL stores that cater to the types of visitors that will be coming to the World Plaza will be asked if 
they wish to open another store at our location. We want as many local merchants as possible, and as 
few national chains as possible, although certain national chains would be appropriate, owned by local 
business people. Certainly no fast food chains. 

This retail has to SPEAK "New Orleans" and not look like every mall in America. For example, the famous 
New Orleans' musical artist, Danny O'Flaherty, will be returning with "Danny O'Flaherty's Folk World," 
an authentic Irish bar with music from around the world. The inclusion of retail at the World Plaza that 
attracts because of its festiveness, its free and other New Orleans music concerts and it artists, will be 
noticeably enhanced by the retail component and make it even more attractive to visitors. We want 



20 | P a g e 



them to stay longer in New Orleans because they have more to do, and spend more money because 
there are more options. 

We are very cognizant of the wisdom of good environmental planning and execution for buildings and 
site. We ask you to notice the environmental awards and considerations all of our contributors have put 
in their past endeavors. This project will utilize the best and latest green techniques and products 
available. 



The Interior Uses of this Iconic Building 

The dominant force and focus in this 33 story building will be the luxury 

Hotel/Resort 

Comprising some 11 floors, plus a full floor of 

restaurant and banquet rooms 

(the 30 th floor) and the lounges/bars revolving and on the roofs. From among the final contenders, all 
are undisputed leaders among the world's most luxurious hotels and resorts. We anticipate an initial 
500+ luxury rooms and suites, superbly designed, executed and presented. This hotel/resort will be one 
of the premiere hotels in the city. We are presently discussing this with five finalists, and will come to a 
conclusion as to which brand it will be during the negotiating period with the city. 

We previously remarked on the exterior look of the revolving lounge/bar on the top floor. Inside that 
lounge/bar will be an exciting look - and nobody can create that better than our lead architectural 
design firm, WATG, together with the wonderfully talented local design company, Perez - that will make 
this one of the biggest draws in the city. We anticipate, further, that on one of the wings of the roof 
there will be an outside lounge/bar, and on another wing of the roof will be yet another covered 
lounge/bar, for special events, weddings or special corporate gatherings. The third wing of the roof 
could be an herb and kitchen garden for the chefs at the hotel restaurants. 

Adjacent to the hotel floors will be luxury residential rental units 

We know the city is about to come into a need for such units, particularly as the new medical facilities 
get built further out Canal Street and Tulane. Our realtor and marketer for these residential units will be 
the premiere firm, Dorian Bennett Sotheby's International Realty, which is excited about possibilities 
here. New people to town want to live in or as close to the French Quarter as possible. The amenities 
provided these rental units will be the hotel amenities, including concierge and room service for the 
rental units; and the hotel will manage the residential rental units. Leasing will be done by the on-site 
Arete Management Company. Such a tie-in with Hotel and Resort will add enticements to prospective 
residential tenants hard to find elsewhere. Moreover, the residential units will be designed in such a 
way, and will be geographically adjacent to the hotel floors, so that - if demand for more hotel rooms in 
the future should present itself - the residential rental units could be converted to more hotel units. 



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The World Trade Center is expected to return to this building. In the past, 

they have utilized about 3,000 square feet of space. We anticipate working with them to be integrated 
adjacent to the internationally-themed area, 

"Eyes On The World" - a new experience of 
consulates from the nations of the world 



Not like the usual anticipation of what a "consulate" will look like (wood desk surrounded by file 
cabinets), each area of the world (e.g., Southern Europe, or Central America, or Eurasia) will have a 
separate wing of the building (a quarter of a floor), which building was almost originally designed for 
such an idea. Each wing, then, housing a specific geographic area of the world, will have a stage area in 
the center - perhaps with a map of that area on the ceiling or on the floor - and perhaps occasional 
artists or shows from the area. Around the outside of the lounge will be the country desks of the 
nations that comprise that geographic region. But their "desks" will not be what is usually envisioned by 
"desk." Instead, they will be interactive staged areas with computers and visual accoutrements to bring 
alive those nations at this place. Citizens of those nations can come there to conduct business with their 
home governments, other citizens can get visas, or find what products are sold there that they might 
need, or find optional partners to joint venture with. This will be a new endeavor on the world scene. It 
will also be designed in such a way that it too is a tourist attraction - an opportunity for nations of the 
world to market themselves. 



This idea has been test presented at several embassies in Washington, DC to evaluate their interest, and 
we found that such interest is pointed and strong. Nothing, however, can ever be done with embassies 
until it is not a "what if" but rather a "done deal" inviting them in. Only then will they really consider this 
proposal and officially react to it. However, from our experience over the past thirty years in 
international relations within the countries represented to our government in Washington, DC, we are 
certain this can be accomplished, with great participation of most foreign governments and/or their 
chambers of commerce. 



We will be utilizing the four-floor Eyes on the World consulate presentation, not just for business and 
tourism, but also as a tourist attraction itself, with visitors paying an entrance fee for a look at most of 
the nations of the world showing their country's best face. Consulates will constantly present 
information and culture about their respective countries (not unlike a much smaller version of the 
country displays at DisneyWorld's Epcot Center, World Showcase). This would bring many more tourists 
to Eyes on the World. There would be direct access from the plaza to Eyes on the World (not using the 
building elevators), and a grand entrance at ground level. For business visitors and others doing direct 
business with the consulates, they would use the elevators for a private, free entrance. 



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The Attraction of the New Orleans World Plaza 



World Plaza will be 100,000 square feet, 

joining Harrah's and Convention Center Boulevard 
to Spanish Plaza and the Mississippi River 

on over two acres, considering the three building floors and the outside plaza extensions, of 
entertainment space from the World Trade Center building, plus whatever more is able to be added at 
the foot of Canal Street, and yet more if the ferry terminal operation is removed. We intend this to be 
an entertainment and recreational draw like no other in the city or in the world. Every day during the 
daylight hours there will be artists and their sales, enhanced by the World Plaza retail operations, open 
all day and providing sales of the things people come to New Orleans to enjoy. Each evening there will 
be light shows and the celebration of Mini Mardi Gras (if economically feasible after negotiations with 
the city), with parades, beads, music and dancing. Danny O'Flaherty's Folk World will have top live 
musicians from around the region and the world. The retail will be going strong. The city will issue 
permits to unique and unusual entertainers and artists in the city who would not have a stage of their 
own. They can get their licenses from the city, as they do now for other locations, and they will not be 
paid. This will be the kind of entertainment spot that nobody who visits the city would want to miss. It 
may be that not every visitor wants to walk the French Quarter every night, so this gives them 
something else very attractive to do. 

Because the design, execution and constant expression of this entertainment area will be clean, family- 
oriented, of excellent design, safe and fun, it will set an additional new source of good reputation for the 
City of New Orleans, one which travel writers will praise loudly. And, thus, it will bring more business 
and tourism to New Orleans. 



The Focus, Interest and Dedication of the Principles of this Proposal 

We are people who like to do big things, things that make places better, things that are fun and noble to 
do. We want to make money for ourselves and for the city, of course, but we also insist along with that, 
that if we are going to spend the effort and time to do something, let's do the BEST thing we can do, 
something that will enrich the lives of others and present them options to grow in experience, 
knowledge and compassion. That is what we want here. It's the only kind of work we are interested in. 
We know this is the place, and we know we can pull this off. We want the city and its citizens to look at 
this and be proud of it. We will do all that, and so ask that you select us as the winner of this bid and 
negotiate a lease with us to develop this magnificent site with the vision we herein put forth. 



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6. Balance between Commercial Uses and Civic Potential / 

Description of Use of Space with Design Elements for Civic and Community Benefit 




Commercial uses are appropriate to the business of city living and production. They provide 
taxes to ensure the continuation of an orderly, dynamic and growing community. They provide 
incentive for individuals and corporations to make profit and to make yet more things happen. 
Obviously, commercial usages are a large and substantial part of this proposal. They are: 

A luxury hotel 

Lounges, bars, restaurants, banquet and meeting rooms 
Approximately 100,000 square feet of retail 

Office rental space - for international consulates, top businesses and 
non-profit corporations 
Residental rental units 

Uses which are of Community Benefit are pervasive in this proposal: 

Meeting rooms and banquet rooms to induce more tourism and 
provide enhanced options for local users 
A rooftop bar and lounge which will be a focal point in the city 
Consulates from nations around the world, anchored by the World 
Trade Center New Orleans, will encourage international trade, serve 
foreign and US citizens in their travel, further international business 
joint ventures, and provide an attraction about nations from around 
the world with exhibits and entertainment - a new level of tourism 
for New Orleans 

The expanded World Plaza, extending from the river and the Spanish 
Plaza through three floors of our building and all the way to 
Convention Center Boulevard, and - perhaps - including area from a 
moved ferry terminal, will produce one of the city's grandest daily 
and evening draws, and provide the city with a spectacular fun draw 
for tourism 



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7. Plans 



Given the decisions still to be made regarding this building between the developer and the city, 
each of which would materially change the design and/or uses, and given that no such decisions 
can possibly be made outside the context of negotiations with the city following winning the 
bid, we are therefore only submitting preliminary design, together with conceptual photos 
gleaned from similar ideas, very early renderings sure to change, and an array of options. All of 
this will be solidified DURING and AS we negotiate with the city, to determine what the city will 
allow and what would be the city's and our mutual priorities for this building and the design 
environment we propose. 

After you have reviewed the qualifications for the primary architectural firm, Wimberly Allison 
Tong & Goo (WATG), and with our other premiere, local design firm, Perez (a woman-owned 
company), you will note that the capability to produce a design totally in keeping with the city 
of New Orleans is most evident. We emphasize that the final design will be in keeping with the 
character of New Orleans, a unique city like no other. Whatever changes will occur during the 
contract negotiation state, we know that they will be made in conjunction with the city. This 
city has its own architectural character. There are many wonderful design firms, some of which 
we interviewed as a part of this process, but whose designs simply do not match the temper of 
this city. Some designs might look wonderfully breathtaking in New York or Miami, but they 
would not fit here. Ours will fit New Orleans. When we have finished negotiating and will have 
signed the contract with the city, the preliminary design will be done, will be signed off by both 
the city and us as developers; then and WATG and Perez will begin the final design work. 

It should be noted that we will ask that the design submissions and permitting be done on a fast 
track basis, so that it does not all have to be done before we begin work on the first segments 
of the job. We can begin phases as later phases are being submitted for approval. Design will 
be done so that the first plans for the first phase will be completed, as the next phases are 
being worked on, so that the construction begins before all the stages of the plans are finalized. 
We want to get moving fast, and to be able to celebrate the Tricentennial - with as much open 
as possible. 

However, while we cannot yet reasonably and fully predict exterior visages of the 33 story 
building itself, we do present a preliminary concept of the building, opened up on its lower 
floors and sitting in the midst of the World Plaza and the Spanish Plaza. 



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Exterior Elements 



(Considering the exterior changes, please keep in mind the following: 

There are several uses planned for this site in our proposal. We wish to emphasize that the luxury hotel, 
the luxury residential units, the offices for the World Trade Center and the other offices to be located 
here are guite different from the public uses of the revolving lounge/bar at the rooftop, the Eyes on the 
World tourism attraction and the grade level/first three floors of public retail. The Luxury hotel, the 
luxury residential units, and the offices will have a completely different access than the public places; 
this private access will be located at a lobby and motor court entrance located on the upriver side (the 
right side) of the building, looking from Convention Center Boulevard, and will be another world from 
the public areas. All the public access will be through the escalators and elevators located in the center 
of the newly-expanded World Plaza that extends into the building itself.) 



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The revolving bar lounge on the top 33 r floor of the World Trade Center is tentatively proposed to be 
stripped and re-clad with a clear glass and mirrored panels. The above left photo shows the concept on 
a square building, but the revolving lounge/bar is, obviously, round at our site. The portions not utilized 
by the bar/lounge itself, i.e., the utilitarian areas on floors 31 and 32, will all be of the same glassed 
material, three floors as exemplified in the photo above left. (All hurricane-proof, of course.) 




On the top three glass floors, colored lights will be projected out from the roof UP, as shown below, to 
produce the effect of a beacon of light, able to have color changes at various seasons - and multi- 
colored vibrant and ecstatic during Mardi Gras. This beacon will be able to be seen (but will not shine 
ON, or be obtrusive) from within the French Quarter and the Central Business District, and will become a 
landmark in New Orleans. 



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The round top should become clear glass, as exemplified above, and color light (changeable) projected 
up. Nightly on the hour there would be a light show, where, possibly, 1) the light from the top (see 
above) would change colors in a light show, while 2) the light show on the ground levels would imitate 
that same show in the festive "Mini Mardi Gras" being held nightly, and, additionally - if permission can 
be granted from authorities - a simultaneous third matching light show below water in the Mississippi 
River just off the Spanish Plaza. (Even a muddy river can radiate underwater light.) To protect the 
architectural integrity of the building (as well as the historical tax credits) and the exclusivity of the hotel 
and other upper-level and mid-level building components, the building itself would not become a light 
show. 

This site is over 12 miles from the Louis Armstrong New Orleans International Airport, and the lights 
should not provide any concern to airport authorities. If the FAA eventually does have any concerns, we 
can always keep the lights but have them only shine lower in the sky. 

Two of the wings of the roof will be utilized to provide an outdoor public lounge area on one wing, and, 
on the other side, an enclosed area for private rooftop parties. One wing of the roof will be a herb 
gardens for the gourmet restaurants in the hotel. One wing of the roof could possibly be a complex of 
gardens and pools, if better spots below are not achieved. 



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THE EXTERIOR ARCHITECTURE OF THE X-SHAPED BUILDING FACADE 

There is another fundamental reason why final architectural renderings cannot not be offered 
in conjunction with the submission of this bid. It is because we are not yet certain what 
constitutes the historic totality of the building. We are inclined to believe that the exterior 
cladding of the building - the concrete and elongated windows - are not crucial to the historical 
nature of the building. Perhaps the verticality of the design is. The building was designed by 
Edward Durell Stone. Mr. Stone's senior partner at his architectural firm and his fellow architect 
on all his designs was Peter Capone, AIA. Mr. Capone is the only living partner of Edward Durell 
Stone, and he is a consultant to our team for his knowledge of Mr. Stone's work and intentions. 
Mr. Capone states that the cladding and windows were almost afterthoughts to the design; that 
the "X" shape of the building was its distinguishing feature. We will be working with WATG and 
Perez, and with local historical consultants and historical tax credit attorneys to determine to 
what degree historians agree that this is so. 

We probably will not replace the exterior cladding in any respect, so as not to lose the historical 
tax credits associated with this building, and because it can be upgraded and made beautiful as 
is. The only exterior building changes will be to the lower three floors, opened and beautified. 
The determination of this matter is not something done quickly. It is not possible to arrive at a 
historic character determination by the time the bid was to be submitted, but such 
determination will be made within a few weeks into our negotiations with the city. 




Our MOST important design element is that 
we will open up the entire lower three floors 
of the building, and, using the World Plaza, tie 
it seamlessly to the Spanish Plaza. 

Mayor Mitch Landrieu has said, "I hope the future of the city involves an open space." And "we plan to 
take the World Plaza and the lawns and land between this building and Convention Center Boulevard to 
their highest and best use that invites the most people to participate in it." Here we give that to him and 
the city in abundance. 




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Of crucial importance here is that this open space we will be providing the city is USABLE open space. 
City after city in America has open space that nobody sees or uses. They have open space that nobody 
wants to go to because they are boring. Our open space will be like the city of New Orleans: active, 
alive, fun, in constant motion, filled with ingenuity, creativity and surprise. 




Because the entire lower three floors of the building would be opened up, extending seamlessly with 
the World Plaza, the front of the World Trade Center building, facing Convention Center Boulevard, 
would become the opening face to New Orleans. Canal Street will terminate at the renewed, opened 
up. World Plaza - running all the way from Canal Street and Convention Center Boulevard and Poydras 
Street, straight through to Spanish Plaza and the Mississippi River. 



BOASTING THE CITY: PROCLAIMING ITS GRIT, ITS VERVE, ITS DETERMINATION, ITS FEELING 

On the street side of the extended plaza, in a stand-alone setting, a large LED video screen will be within 
a glass elevated presentation structure, facing up Canal Street, with a continuous-loop video showing of 
people interacting, laced with scenes of the history of New Orleans, the fire and beauty, the adventure 
and bravery, the mixture of peoples and love of life, people smiling and acting neighborly. The final 
video screen, before re-looping, would state "Our Center is our Heart." This would be the standard 
video playing, but periodically another could be shown. We anticipate this to be a free-standing glass 
structure, elevated from the ground, at the foot of Canal Street. The video and statement could be two- 
sided, and the back side of this convex monument be an attraction in itself at which the video, with 
sound, would be a draw for visitors. Some of the lower three floors of our building will remain intact as 
truck delivery, core operations, and unexcavated space. The escalators will be refurbished and wide 
stairways added, together with handicapped access. 



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At the main entrance to World Trade Center, at the same display as the video (see below) would be a 
large inscribed statement with these words (draft! ... to be reviewed and approved by the mayor and/or 
city council and any other appropriate agencies): 

Our center is our heart. This center city has 
always expressed the joy and the love of the 
people of New Orleans. It shines to the people 
of Louisiana, the USA, the Americas, and the 
world to say: WE LOVE EACH OTHER. WE CARE 
FOR EACH OTHER. WE HELP EACH OTHER. WE 
LISTEN TO THE TUNES OF OUR SOULS. And we 
thank you all for sharing our joys and enriching 
our lives. 

This would certainly be like no other attraction to visitors to New Orleans and give them a most 
positive (and true) impression of the people and its city. It would tie the party atmosphere 
reputation to human joy, uplifting while not overbearing. On the other side of this monument 
facing Canal Street, would be the same video, this time showing, with sound, to guests seated 
around outside unbrella tables (and inside, air-conditioned space tables with windows open) 
savoring the historic video of the history of New Orleans. This will be one of the anchors to 
our World Plaza retail. 



(The architectural firm 
FXFOWLE - who is 
possibly assisting another 
bidder in this RFP - 
created this, and we use it 
only as an example of a 
similar kind of artistic 
glass structure that our 
architectural firm will 
create to showcase the 
video of the city history 
and the engraved 
declaration of the city 
character.) 




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This plaza is the focal point of the Riverwalk. The city already wants to turn it into a place of 
celebration, so we propose a sunset celebration each night with a small nightly Mardi Gras . 
There will be free New Orleans jazz concerts nightly emanating from the open windows of the 
night clubs of the World Plaza, entertaining guests to the World Plaza free. On the Spanish Plaza 
itself, we propose entertainers, singers, musicians, sundry and unique entertainers who will 
attract and entertain. The city may issue permits to perform here, as they do elsewhere. IMAX, 
the Audubon Aquarium, Riverwalk, and other current vendors/stores should like this as it will 
attract thousands of new visitors to their stores. 

Easier access to this riverfront plaza is 
achieved by making the first three floors of 
the World Trade Center building open, see- 
through and a pass-through to the river plaza. 

This will allow the World Trade Center to capture much in retail sales as people flow from the 
Harrah Casino, the streetcar stop and other Riverwalk venues through the plaza. We will have 
bars, food, products, permanent sales stations and kiosks on our property. It will also include 
live music shows, such as Danny O'Flaherty's Folk World (see below), and the New Orleans 
historical video shown outdoors at one of the club patios. We will provide shade as a relief from 
the direct sun during the day. If the city sees fit to move the ferry terminal operation to some 
other location, then expansion and opening up of World Plaza will also incorporate passage 
through the ferry landing access to provide greater access to Audubon Aquarium, the park 
and IMAX, and we will have our architects work with the city to this effect. Of course, the best 

32 | P a g e 



option would be the removal of the terminal operation to another site, allowing us to 
incorporate that space into World Plaza as well, and we ask - but do not, and could not, "demand" - 
that of the city. The first floor also will provide a covered area, protected from rain and sun, for drop off 
from cars, taxis and limos. 




The above photo shows the lower two levels (below the overhang of the building) which will be 
opened up and connected to Spanish Plaza by stairs and handicapped walkway. Safety will be an 
important consideration and factor. Above the platform, the third floor will also be opened up. 

The open air Spanish Plaza in the New Orleans heat and humidity needs shade options for comfort, 
lush gardening for maximum attractiveness. We urge Spanish Plaza to incorporate landscaping similar 
to what is shown below, and we will work with the city to allow us and the Riverwalk operator to 
upgrade the existing riverside of the Spanish Plaza to follow suit. Because we recommend space for 
artists at Spanish Plaza, like at Jackson Square, as much shade for them and for visitors as possible is 
important, creating a walk the tourists will use to view artists' products a most enjoyable one. 




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There are tracks - not attractive - on each side of the building running parallel with the river. Two 
platforms will be extended out from the building, at the level of the current third floor overhang, 
covering these tracks. Trains run here twice daily, and the streetcar stops right on site, going from one 
end of the business district of New Orleans through the French Quarter. 

On one side, on the platform near towards the Hilton Riverside Hotel, might be a small, luxurious set of 
pools and small tropical waterpark for hotel guests, residents and members of a private club run by 
the hotel, if that should be decided to not be placed on the rooftop. This pool/waterpark would 
overlook the river and would offer swim-up bars, food, Caribbean and jazz music, yet away from public 
view. It should have reciprocal welcome for members of other exclusive clubs around the world. There 
are very few water-immersion attractions in New Orleans, none in this exclusive range. This would be 
managed by the hotel. 

World Plaza retail, a section of that which joins various parts of our site to the Spanish Plaza with the 
new and extended terraces, will be built on a platform over the tracks on the other side of the building. 

Formerly, some resistance to covering the streetcar tracks was raised from the Department of 
Homeland Security. We find no un-solvable problem here. The building itself already covers a large 
portion of the tracks, and this would be simply an expansion of that present use, at 22' above the tracks. 

Additional to the creative architecture to be put forward by our architects, one practical problem will be 
solved. The expanded Spanish Plaza is going to bring a great deal more people to this site, crossing over 
to the river side. Crossing the tracks with such numbers and commotion will be safer. We will devise 
safe track crossing locations within our confines, using escalators, stairs, elevators and handicapped 
access, going through to the third floor and down again. 



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Parking, Access and Grade Level Ingress/Egress 



One significant problem with the site is that the city leased the parking 
garage that went with this building to the Hilton Hotel through 2019. 
The parking building that was designed with this building and was 
designed to park cars using this building is no longer a part of the site, 
leaving no parking for a 33 story building. Our development team has 
come up with four possibilities for parking . We have these four options 
to solve this parking problem, and will be using perhaps one solution 
separately, or mixing and matching among these solutions. We cannot 
make any determinations in this regard without the city's approval for 
some of the more logical solutions, and so we only at this point present 
the options, knowing that we will have to work this out with the city, 
should we win the bid. We can say this: among these four options, there 
are several solutions ... we would like to work with the city on the most 
logical first. 





OPTION 1: RENEGOTIATING THE HILTON/WTC PARKING LEASE 

The WTC observes that the original WTC parking garage now leased by Hilton is never full now, and was 
never full when Hilton used it under lease from the World Trade Center, back when the WTC controlled 
it, and let all the tenants at the WTC building park there free as a part of the lease from WTC, in addition 
to the Hilton guests parking. We would like to negotiate with Hilton Hotel and the city as a team (Hilton 
and us - WTC is for whom the parking garage was built - together) with the city for a new lease, to 
replace the existing one that will expire in 2019. If Hilton does not want to do this, the city has ways to 
encourage them to do so. Such a three-way negotiation would only occur after a detailed study of the 
parking options at that garage. 



OPTION 2: ADDING A LEVEL 2 AND PROVIDING OUR VALET PARKING IN THE "EXPRESSWAY" CHAMBER 

There is currently an underground, formerly-planned "expressway," owned by the city, leased by 
Harrah's, in the street between our subject building and Harrah's Casino. Our local architect, Perez, was 
the architect for Harrah's. Harrah's now uses it for valet parking. We have been told that it might have 
enough height that a second level could be added which we could use. This will be a design 
consideration, and, because it would not be readily visible to guests, the second level we might build 
there, if allowed by the city, would also be used as valet parking by us. 

OPTION 3: BUILD A GARAGE ON SITE 

Build a separate parking garage to the right of the building front facing Convention Center Boulevard. 

OPTION 4: BUILD A SMALLER GARAGE / CONNECT BY RAMPS TO GARAGE FLOORS IN WTC BUILDING 

Build a smaller separate parking garage at the same location as described in solution 3, but rather than 
build the garage at that site to accommodate cars, rather use it only to connect it to mid-level floors of 
the 33 story World Trade Center building, which would have a few floors gutted and used for parking 
(rather than for residential or commercial space, but indiscernible as parking from the outside). 



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Floor by Floor Description of Uses 



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33 Floor BAR / LOUNGES (Section 1 below) 

32 Floor (Mechanical) 

31 Floor 2 wings: ROOFTOP LOUNGE/ 

ROOFTOP OPEN-AIR BAR 
1 wing: LUSH POOL COMPLEX 
1 wing: HERB & CULINARY 

GARDEN FOR RESTAURANT CHEFS 
(Section 1 below) 

30 Floor RESTAURANT/BANQUET ROOMS 

(Section 1 below) 

26-29 Floors RENTAL RESIDENTIAL (possibility to later 
be converted to hotel or office) 
(Section 2 below) 




14- 25 Floors the LUXURY HOTEL (Section 3 below) 
11-13 Floor RETAIL OFFICE SPACE 

(Section 4 below) 

7- 10 Floors PARKING GARAGE (this may change 
depending on City parking decisions) 
(Section 5 below) 

4-6 Floors "EYES ON THE WORLD" - consulates in a 
new environment, promoting business 
and tourism to their own citizen/visitors 
and to American and other country visitors 
and TOUR OF THE NATIONS tourist attraction 
(Section 6 below) 



1-3 Floors THE WORLD PLAZA - OPEN SPACE/RETAIL 

(Section 7 below) 

WITH DONATED SPACE TO THE WORLD 
TRADE CENTER ON FLOOR 3 



In sections to follow, each of these programmatic uses will be described, from the top floors 
down to the lowest floors, in order. 

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Floor plans indicate floor restrooms 700 sq. ft. 

2 wings (not counting shared core): 95' long x 70' wide @ 6,650 sq. ft 13,300 sq. ft. 

2 wings (not counting shared core): 85' long x 70' wide @ 5,950 sq. ft 11,900 sq. ft. 

X 4 wings per floor (= approximate rentable/useable space) 25,200 sq. ft. 

80' x 60' est. common core on each floor (elevators, lobby, etc.) 4,800 sq. ft. 

(includes 700 sq. ft. bathrooms shown in core, abandoned on some 
floors' future usage) 

Gross Estimated Total floor 30,000 sq. ft. 



Approximate square footage: 

Restaurant floor 30,000 sq.ft. 

Revolving lounge/bar 10,000 sq. ft. 

26 floors x 30,000 sq. ft. for hotel/commercial 780,000 sq. ft. 

3 net lower open air floors (some not full) for retail 85,000 Sq. Ft. 

Estimated GROSS building square footage 905,000 sq. ft. 



Note: Rentable square footage will be determined when design is complete for the various component 
uses. 

Note: we are aware of the potential problem of the stairways as configured now. There are two 
stairways in the middle of the building behind the elevators. However, the fire marshal may require 
stairways in other area(s) to meet fire safety standards. We will work with the fire marshal to satisfy his 
requirements. This is not as difficult to solve - if it turns out to be a problem after our floor designs are 
preliminarily designed - because this building has more elevators than needed, and we could use one or 
more of them to create new stairways. This is an unresolved matter for our design team. It is 
something we acknowledge and state that we will remedy if required to do so. 



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Section 1 



33 Floor: BAR / LOUNGES 

31 Floor: OUTDOOR LOUNGES/GARDEN 

30 Floor: RESTAURANTS/BANQUETS/MEETINGS 




The hotel will operate the top inside revolving 
bar, the open air top deck lounge/bar and the 
covered rooftop lounge/bar overlooking the river, 
in conjunction with the hotel. The hotel will also 
operate the public dining rooms and banquet 
rooms, and private dining rooms and banquet 
rooms located on the full floor below the 
restaurant. The developer will work with the 
World Trade Center to incorporate their Plimsol 
Club as a part of the restaurant hospitality area. 

All these ideas will be improved upon by our 
interior and exterior architects. The top round, 
rotating section will be a lounge/bar. The 
enclosed floor just below, in four wing extensions, 
will be fine dining, private dining, and banquet 
rooms. The rotating bar, and the two round 
mechanical stories below it will be glass and 
mirrors, but above it the colors will change as 
inspired. It will be a marketing magnet, as well as 
the singular reference for the city, its new logo, its 
calling card. 





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It" 




One proposed concept for 
the interior glass entrance 
to the restaurant, with 
changing seasonal colors 



In the old Windows of the World restaurant and club atop the World Trade Center New York (pre-9/11), the club 
entrance was a glass wonderland (reminiscent of Superman's crystal northern retreat). It was incredible to see. 
That is an idea worth repeating. 




ROOF 

One rooftop wing will be a covered lounge/bar, impervious to the elements, and of a special nature (raw bar, 
entertainer, special events, etc.). This is most probably the wind facing the river, so as not to be obvious from Canal 
Street. 

A second rooftop wing will be an herb and vegetable garden for the 30 th floor restaurant chefs' use. This will most 
probably be the wing closest to Canal Street, so as to be unobservable from below. 

A third wing will be for an outdoor gathering area for special events, protected by a high glass surrounding for 
safety and for wind protection. 

The fourth wing will be for a lush, jungle-like complex of outdoor pools and a lazy river for use by the hotel guests, 
the residents of the rental units in the building, and by others who might purchase a membership. The roof will 
open and close according to the weather. It too will be protected by a high glass surrounding for safety and for 
wind protection. 



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Section 2 



26-29 Floors: RESIDENTIAL RENTALS 



The hotel will manage the luxury rental units on site, offering for tenants' use the same restaurant, pool and other 
facilities as the hotel. There is a need for luxury residential rentals. There are two all-new hospitals / medical 
centers / research centers being built now in New Orleans, on a total of approximately 60 acres. They should have 
at least 8,000 new good-paying ($100,000 or above) jobs, and there will be a need for good housing, especially 
good rentals. That will tie right in to our use. 

These four floors will have 42 one bedroom, one bath units. There will be 46 two bedroom, two bath units. 

Entrance to the residential units will be from Convention Center Boulevard, the side toward the Hilton, with a 
private motor court and entranceway. This entrance will be the quiet entryway for the hotel, the residential units 
and the office buildings, and will be completely separate from the tourist attractions of the World Plaza and the 
Eyes on the World nations' tour. 



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Section 3 



14-25 Floors: THE LUXURY HOTEL/RESORT 



All the amenities expected of a hotel of this class will be present, including a high-end spa, lap 
swimming pool, outdoor garden pool area, etc. We present photos from the hotels with which 
we are in final discussions, one of which will be the manager of the luxury hotel. Our luxury 
hotel/resort at the New Orleans World Trade Center building will be of like exactitude and 
magnificence as the best residential units in the French Quarter of Central Business District. 

It should be noted that we have been in direct talks with five major, well-known luxury hotels, 
which we are discerning which would be the best fit here. We have not asked any hotel brand 
to reveal themselves prior to our winning the bid, because that would put brand names of this 
caliber in awkward positions. They have a different disposition on putting themselves out to 
the public until all the unresolved factors (such as who will win a bid) are resolved. We can say 
this categorically: our hotel will be a luxury hotel, and it will be announced upon negotiations 
with the city regarding specifics of this part of our proposal have been resolved and then 
cleared with those we are considering. It will be a hotel not presently in the city. 



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Section 4 



Floors n-15: LEASED OFFICE SPACE 
Partial Floor 3: DONATED OFFICE SPACE: WORLD 

TRADE CENTER NEW ORLEANS 




The developer is offering approximately 3,000 square feet of office space, free, to the World Trade 
Center New Orleans. WTCNO makes a significant contribution to the quality of life in New Orleans, 
creates jobs for its citizens, and contributes significantly to the city's prestige and livability. This offer is 
one we make willingly and with a sense that it will contribute to a greater New Orleans because of the 
significant work this organization makes to the city and the region. We wish it to be an integral part of 
the re-development of this site. 



We are delighted that the World Trade Center New Orleans has expressed an interest in returning to 



43 | P a g e 



this building so closely identified with them for four decades . In New Orleans, no matter what 
happens here, this will always be "the World Trade Center building." We have spoken with their 
executives and believe that when their lease expires, they will work with us to return here (see letter in 
the Attachments below). We will welcome them with open arms and create an environment for them 
that will be heads and shoulders above what they might expect. Moreover, we anticipate being able to 
charge them (and the other non-profit we will invite to this office space) NOTHING for their leases. This 
is part of our offer to the city and to NOBC. 

With the return of the World Trade Center New Orleans to this, their original building, the building will 
once again be called The World Trade Center. Flags of all nations exhibiting with offices here will be 
flown outside, all day and all night long and lit at night. The private main entrance lobby of the building 
may have a floor-model relief map of the world, three-dimensional, actually down in the floor, showing 
mountains and plains, oceans and valleys. The depths of the relief map will be sunk into the floor and 
covered with a polyurethane surface, so that the floor is smooth, but the visitors are gazing down (and 
walking on) a 3-D map of the world. 



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Section 5 



Floors 7-10: PARKING GARAGE (option) 



The option of part of the parking garage being inside the 33 story building has been discussed elsewhere 
in this proposal. It would be our preference to not have to place any parking inside this building, and we 
will work for some other parking option(s). But it remains an option if all else is unsatisfactory, and so is 
necessarily put into these preliminary proposals to the city, until the parking issue is resolved. 



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Section 6 



Floors 4-6: "EYES ON THE WORLD" 

Business Development and Tourist Attraction 



"EYES ON THE WORLD": 

A LEAP FORWARD FOR CONSULATES 



Before 9/11, before Katrina, and before the Great Recession, foreign consulates were already beginning 
to close down their consulates in New Orleans, largely situated in the World Trade Center building, as 
the building was being allowed to deteriorate. Because New Orleans is in a resurgence, and is once again 
a magnet for visitors, both business and pleasure, many embassies are interested in having their 
consulates again at this site. The developer has taken an anecdotal sample survey of embassies in 
Washington, DC, asking how many were interested in this consulate possibility in New Orleans. Five out 
of seven were. 

Only after we secure the contract with the city will we be able to pursue this further. Embassies will not 
take the time to talk about a possible opportunity of this sort, only a real one. The Managing Member 
of the James H. Burch LLC was the founding chairman of the World Trade Center Washington, DC, he 
lives in metropolitan Washington, DC, and he is familiar with dealing with embassies and world trade 
organizations, and he feels confident this is an avenue that would prove out because the desire on the 
part of embassies to be involved in this proposal is real. 

Therefore, we will offer regional shared space for "consulate desks" of all the nations from around the 
world. These consulate desks would be surrounding a large comfortable reception area for the visitors 
of the countries in each pod and the Americans who might need to visit a consulate for a visa. Each desk 
could be manned by a single person, with a file of information, Internet and printer for the consulate 
official familiar with his/her home country, to serve business and tourism needs. Because the World 
Trade Center tower is four wings, each wing would house various regions, e.g., 1) Eastern Europe, 2) 
Western Europe, 3) Mediterranean, 4) North Africa, 5)West Africa, 6)East Africa, 7) Near East, 8) Far 
East, 9) South Pacific, 10) Central America, 11) South America, and 12) North America. 

The old way of doing consulate work was anachronistic and not cost-effective, to say nothing of its 
business face being unattractive. In our plan, each world geographic region (as per above) would have 
one 4,500 sq. ft. wing of a floor. In that wing, the floor plan would be completely open with a lounge 
area in the center or offset sometimes. On the ceiling over the central lounge area, or perhaps on the 
floor, would be a backlit glass map of that region. 10 to 20 countries per wing area would each have a 



46 | P a g e 



display area with interactive devices for both their visiting fellow countrymen and for others who want 
visas, information on products sold in those countries, opportunities for investment in those countries, 
travel information, etc. This interactive space could run by itself, but would also be designed to have a 
consulate officer on duty, or perhaps an intern from the exhibiting country. In this way, the consulate 
footprint and staffing requirement would be small, and the attraction to that country's offerings great. 

Having consulates also enables the legitimate use of country flags, outside on the World Plaza, of those 
countries with consulates at the World Trade Center. This will add an air of festivity and allure. 




In addition to being the place of business and tourism as described above, there is another key reason 
that embassies of countries from around the world will want to create their own interactive consulate at 
Eyes on the World at the World Trade Center New Orleans building: hundreds upon hundreds of 
thousands of relatively affluent (i.e., travelers) will pass by their national displays. 

Eyes on the World will become a tourist 
attraction itself. Each country will have its 
own unique architecture and national 
entertainment shows ... 



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(e.g., movies, displays, etc.) either on a constant showing, or on a rotating basis with other area 
countries, or both. A modest entrance Fee will be charged to the visiting public to see these exhibitions. 
The exception would be that country's visitors or other business travelers or tourism prospects who 
have business to do with the consulate, and would be afforded a private entrance without payment. In 
this way, this segment of the World Trade Center would provide yet another tourism attraction to New 
Orleans which is not now present, and would further tourism in the city. Moreover, consulates will be 
offered a discounted lease rate to lease space and provide their national presentation. Larry Boudreaux, 
COO of the World Trade Center New Orleans, has suggested that foreign students studying in New 
Orleans would be interested in serving as interns at their respective country's display, thus enhancing 
their resumes for later work, while contributing to the international flair at the Eyes on the World. 

New Orleans is a natural for international trade, because of its geographic location, the volume of trade 
that comes by the Mississippi River and by air, and because of the already-large number of tourists who 
come to the city for other reasons. These tourists will be introduced to the products of other nations. 
They will see how people in other nations live. They will learn and enrich their understanding of the 
world which we all share. Additionally, a whole NEW SET OF TOURISTS will be drawn to New Orleans, 
people who do not consider coming to New Orleans. Either specifically for this Eyes on the World 
attraction, or as the final motivator that brings them to New Orleans among other reasons, Eyes on the 
World will bring MORE tourists to New Orleans. 




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Section 7 



Floors 1-3: THE WORLD PLAZA 

PLAZA LEVEL/OPEN SPACE RETAIL 



THE WORLD PLAZA WILL BE A PLACE OF CELEBRATION 

WITH RETAIL AND A MINI MARDI GRAS PARTY EACH EVENING 

JOINING TO AND ENLIVENING THE SPANISH PLAZA 

The area of Canal Street as it reaches the Mississippi River has a rich and diverse place in the city as 
profound to New Orleans as Wall Street or Central Park is to New York City, or Buckingham Palace to 
London. This future cultural place of CELEBRATION along the bustling Mississippi River waterfront is 
situated at the gateway to the center of the United States. The immediate neighborhood is the fulcrum 
of attractions, shops and restaurants. Diverse year-round events will be easily accessible by streetcar, 
and by the easy walking distance to so much of New Orleans' core. THIS NEW WORLD PLAZA WILL NOT 
BE IN COMPETITION TO ANY OTHER RETAIL NEARBY; IT WILL BE UNIQUE, ONE OF A KIND. Concerts, 
street performers, boating, bike rentals, summer and winter celebrations will abound, because the spot 
is a natural for them. The new World Trade Center and new World Plaza will offer visitors and shoppers 
an unparalleled New Orleans experience that is destined to be compelling to tourists and residents alike 
for the rest of New Orleans' history to be made. 

A sense of the district's gritty and boisterous past as New Orleans' workplace that touched the world 
also lingers in some of the area's oldest commercial buildings, and just the feel of this place along the 
river. Nearby brick and stone structures also have historic ties to the rest of the city. The French 
Quarter/Central Business District divide has long been a laboratory in which historic preservation has 
taken place alongside development. Spanish Plaza, Riverwalk, Audubon Aquarium, IMAX, One Canal 
Place, and Harrah's Casino, among others, blend with mixed-use preservation and development. Each 
project has explored new designs while drawing on the visual richness of this one of a kind city in 
America. 




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ANCHORS 



Because the retail component of World Plaza is not to conflict with the retail of Riverwalk, or to be 
anything like the Riverwalk retail, our businesses will be carefully chosen. This is the uniqueness of the 
Plaza retail: FABULOUS ANCHORS BUTRESSED BY UNIQUE STORES. The anchors will be the draw, and 
the stores will fill in the draw. Therefore, our anchors will be big entertainment draws: 



1. A Stage/Broadcast Kitchen, with room for an audience . Here broadcasts of cooking events will 
be staged - perhaps on the Food Network of some other TV network - by "the Famous Chefs of New 
Orleans." This is a great way to strengthen and extol the great culinary art of New Orleans, and it can 
offer culinary certificates to participants. It will attract yet more tourism to New Orleans, and attract 
many tourists to the plaza. It will be built with glass walls so that visitors walking outside on the plaza can 
see in and watch the cooking classes, and even hear them by audio broadcast outside on the nearby 
sidewalks. Not only is this to be an attraction for cooking lovers from around the country and around the 
world to come to New Orleans to get certificates of completion of one day, one week or two week 
culinary classes, but it is also intended to attract tourists who will come to see something so unique going 
on. This will especially be true if we can get some of these classes broadcast over a network, the Food 
etwork or some other network's new New Orleans cooking classes. 



2. Three Night Clubs will have music and entertainment nightly, and they will have windows that 
open up, so that passers-by can hear and appreciate the music, without even coming inside . The night 
clubs will be designed in such a way that passing by will even have a feel of participation. This will in no 
way subtract from the people who will wish to come inside, sit down, order something and stay awhile, 
n fact, it will enhance that. But these night clubs will be purposely designed, within the first three floors 
if the building itself, so that they draw visitors to them, making it easy to move on to the Spanish Plaza 
nd the Mississippi River waterfront. The nightclubs themselves, will not only be entertainment venues 

INSIDE, but they will float their music and their atmosphere throughout the expanded plaza life. 
Depending on demand, live music may be added to one or the other of the clubs by day as well. One of 
these night clubs will be Danny O'Flaherty's Folk World, featuring entertainer Danny O'Flaherty, who 
won his way into the hearts of the city and its citizens for nearly two decades and now returns to great 
welcome (information on a following page). Also, the historical video at a club patio, as described earlier. 

3. We are going to explore with the owner (whichever entity that might be) of the Fountain at the 
Spanish Plaza the possibility of adding music and computerized water sprays in place of steady water 
sprays, to create "Dancing Fountains" shows every hour . The economic feasibility of this will be tested 
to see if it is possible, and if it is we will ask the city to assist us to get permission for us to add that to the 
existing fountain works. It may be something done by others or in concert with us. 



50 I P a g e 



4. The video which shows the history of the city of New Orleans will be projected both ways, so 
that not only will it attract people coming down Canal Street and from Harrah's Casino, but it will also 
show on the other side of that glass monument to be built, toward the river side, with narration and 
sound for visitors to come and see. What local or tourist would not want to come to see this? 



5. The Eyes on the World attraction that will have architecturally enhanced replications of 
countries from all over the world, together with those countries consulate representation for business 
and tourism enhancement, will feature presentations from displaying countries. This will be within four 
floors within the main building, but its entrance will be at the World Plaza , boldly so as to be enticing. 




COMPLIMENTARY SMALL RETAIL STORES 



Retail stores and restaurants will occupy sections of the three lower stories of the World Trade Center 
which will be opened up to take total advantage of the World Plaza's potential and promise. Musical 
venues on the inside of the third floor of the WTC will look out on the outdoor stage built at the edge of 
the WTC building overlooking the Spanish Plaza and the Mississippi River. These three floors will be 
joined in a creative design using stairs and escalators and handicapped ramps, so that the overall effect 
will be of a pleasant, family-oriented party going on all the time. Around every corner will be new 
findings, and the lure of the Plaza will be great. 




The new retail, small restaurants and three or four entertainment clubs (e.g., Danny O'Flaherty's Folk 
World) will occupy the 100,000 + sq. ft. / 75,000 or so sq. ft. the building's three floors and the 
additional outdoor areas between the present Spanish Plaza and Convention Center Boulevard and the 
termination of Canal Street. The developer does not intend to have many, if any, national franchised 
stores in this retail. Rather, this space - designed to lure and entertain tourists - will provide the "real" 
New Orleans experience in its product and food offerings. LOCAL merchants will be here. For example, 
the Cafe du Monde, originally in the French Quarter, now has nine locations. We will ask them to add a 
tenth at the Spanish Plaza new retail park. This reinvigorated Spanish Plaza will become as well known 
for its exciting cultural offerings as it once was for its hard-driving riverfront commerce. 

Types of small shop retail would include both light dining and eclectic shops such as: 

DINING: pretzels; ice cream, yogurt and gelato; cupcakes; coffee houses 
(hopefully, another Cafe du Monde); candy shops; a raw bar; a rib house; 
buffalo wings specialties 

SHOPPING: unusual accessories; jewelry boutiques; photographic 
remembrances of New Orleans and southern Louisiana; olive oil tasting 



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shop; pet specialties; winery tastings; healthy wearing products; music 
stores; hats; local Louisiana arts and crafts 

The year-round property will offer open spaces, indoor and out, for public and private events. It will be 
ideal for one-day to yearlong events, entertainment, exhibitions, high-profile product launches, festivals, 
and as a setting for TV and film shoots. The World Plaza will look like New Orleans street scenes. 

In the ever-changing, growing and improving New Orleans landscape, The World Trade Center and the 
World Plaza will stand out as a national and community anchor providing entertainment, retail and 
dining for the citizens of New Orleans and for visitors to alike. The World Trade Center and the World 
Plaza will be home for up-and-coming presenters of music, dance, and theater. 




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ARTISTS AND ENTERTAINERS 




We envision an array of unusual ENTERTAINERS that the public will love because of their diversity and 
unusualness. Artists and entertainers, all of whom will be required to get permits from the city as they 
now do in other parts of the city, will perform in areas now comprising the Spanish Plaza. Perhaps they 
can use part of the present planter boxes as 8 stages. Design teams will seek a way to use the giant 
planter boxes as landscaped stages for performers. The Spanish Plaza will be decorated with 
landscaping and garden coverings, not only bringing necessary shade to a large portion of the area, but 
also providing wide walkways where artists can both display their talent and have a comfortable place to 
spend their exhibiting days. We would ask the city to require that no other food sales or retail sales - 
other than the restaurants presently there - would be allowed, so that sufficient room can be 
maintained for enough artists and entertainers to attract enough visitors all the way to the river. And 
also so that our investment in the part of the plaza that does not return a profit can be covered by the 
part that does, and not be dissipated by others bringing retail to the Spanish Plaza at our doorstep, and 
feeding off our investments without contributing to the costs we will be laying out for the public 
attractions. 




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The developer's plan is that ARTISTS, who are now so tightly squeezed in Jackson Square that they have 
to fight for space, can expand to Spanish Plaza, on the public ground. The process for permits through 
the city, as above, would be as it is now in Jackson Square, and would be limited to the same kind of 
artists who have local art and only art they created. This is immensely popular among tourists and locals 
alike, and its expansion is highly desirable. We propose that the artists be enabled to sell their products 
on Spanish Plaza, but that the Plaza be improved with trellised flowers to provide shade and beauty, 
with pathways wide enough to show artwork and to have people pass by easily. However, since Spanish 
Plaza itself is not a part of this RFP, and because it is under the lease of Riverwalk, our involvement in 
this is yet to be negotiated under the purview of the city. 




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"Danny O'Flaherty's Folk World" 



The sixteen years that O'Flaherty's Irish Channel Centre and Pub was open in the French Quarter were 
filled with music, laughter, and wonderful memories, and is woven into the fabric of the city. Along 
came Katrina and washed O'Flaherty's Irish Channel Centre and Pub away. Now Danny's is coming back 
to New Orleans as: Danny O'Flaherty's Folk World. Internationally acclaimed singer, musician, 
storyteller and bard, Danny O'Flaherty's infectious performances captivate audiences throughout the 
world. Through his songs and ballads he brings Celtic heritage, traditions and folklore to life performing 
in special concerts around the world as well as leading musical and cultural tours to Ireland. Danny was 
featured in the book "Irish Face in America" and was voted one of the 2006 top 100 Irish Americans by 
Irish American Magazine. Danny's success as an entertainer is driven by his dedication to preserving and 
passing on his Celtic heritage. As the last of a generation reared in the isolation of a pure Gaelic culture, 
Danny's youth recalled the simple traditions kept alive on the rugged and desolate islands. His first 
language is Gaelic, and his first love - the ancient music played and sung around the peat fires in the 
evenings. Whether singing the timeless songs of Galway fishermen or performing his own contemporary 
ballads, this Connemara man keeps a unique heritage alive. Danny has traveled far from his boyhood 
home in the farthest reach of the Irish west, to the steps of the United States Capitol where he 
performed before a crowd of a half a million on Solidarity Day. There have been numerous other stops 
along the way - each a momentous occasion: a tour of Israel culminating in a private command 
performance with then President Herzog; a performance at the National Cathedral for Pope John Paul 
ll's visit to the U.S.; featured performer for President Ronald Reagan's Inaugural Ball; the opening 
concert for the Pan Celtic Festival in Ireland; an invitation only concert for alumnae of the University of 
Notre Dame, and a headliner for the Tulsa Philharmonic and The National Theatre in Washington, D.C. - 
just to list a few. A talented musician, Danny is equally adept with six and twelve string guitar, button 
accordion, tin whistle, and harmonica. From songs of the sea and glen to aching calls for tolerance and 
peace, Danny O'Flaherty's appeal is universal and timeless. 

Danny and our development company intend to 
inaugurate an annual New Orleans Folk Music 
Festival, where the legends of folk music introduce 
each year a new protege, passing the mantle to 

new musicians, introducing younger generations to national/international folk music. 



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Importance of Foot Traffic and the Streetcars 




New Orleans is a walkers' paradise, with high "walker's score" of 93. Our site is at the center of it all. 

It is also important to emphasize the great importance of the streetcars , and the wonderful fact that 
lines converge at the World Trade Center. Getting around New Orleans by streetcar is a great way to see 
the city. There are three different lines: St. Charles, Canal Street, and the Riverfront, each of which 
originates downtown but takes passengers to different parts of the city. Streetcars in New Orleans offer 
$1.25 and can be paid with exact change when you board. 1, 3, and 31-day unlimited ride Jazzy Passes 
are also available for $3, $9 and $55 respectively. Passes can be purchased near our World Trade Center 
site, at Convention Center Boulevard and Poydras Street. We will inquire whether it might be possible to 
have another location to purchase passes right at the WTC Spanish Plaza retail complex. 

The Canal Street Line is the most complex and leads to the most places. The Canal Street /Cemeteries 
runs from the World Trade Center all the way up to City Park Avenue. The Canal Street / City 
Park/Museum runs from the World Trade Center up Canal Street past Tulane University, then up to 
Carrollton Avenue, where it turns right and goes to the great city park complex. It also runs past the 
French Quarter riverfront. The Loyola-UPT also runs up Canal Street and along the French Quarter 
riverfront, and, when it goes up Canal Street, it turns left at Loyola Avenue, passes only a long block 
from the Superdome, on its way to the UPT streetcar bay. 

The Riverfront Line runs from near Esplanade Avenue, past the French Quarter and Waldenberg Park, 
all the way down to the Pontchartrain Expressway, with the World Trade Center near the middle of the 
line. 

The St. Charles Line can be picked up on Canal Street near Bourbon Street and runs along St. Charles 
Avenue all the way to Jefferson Avenue. 

All the lines (except the St. Charles line, which is accessed off one of the Canal Street lines) intersect at 
the World Trade Center building. This is the hub of the streetcar lines. Tourists love the streetcar system, 
which is nostalgic and unique among American cities. The fact that everything converges at the World 
Trade Center means that this is the central fulcrum of tourism in New Orleans. It is only fitting that 
this site should be put to its greatest and best use. 




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Sample Elevation 




This preliminary sketch by Perez gives an indication of thefestiveness and celebratory character of how 
we want to tie Spanish Plaza to the World Plaza. Design is yet to be done, and this is just to present the 
link between the World Trade Center site and the waterfront. 



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Summary of Development Concept 



On the following four pages are plats showing the boundaries of the RFP World Trade Center site and 
the adjacent ferry terminal site, plus three floors of World Plaza usage - indoors and outdoors. These 
are attached here for convenience. The RFP calls for them to be submitted at 1" = 50" scale. Those 
required plats are enclosed in an attached envelope at 1" = 50' scale, affixed to the inside of the back 
cover of this proposal. 



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8. proposed maintenance program for all space and facilities to be accessible to the public 



Without a doubt, all the elements of our proposal - the hotel, the residential, the offices, the Eyes on 
the World tourism attraction, and the World Plaza - are top-tier luxury entities. All maintenance in and 
around our development will be handled by a professional management staff, and/or by contracted 
companies dedicated to landscape maintenance or building cleaning. All the elements of this 
development will be meticulously maintained. 



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Employment Projections 



(Please note: Not all the numbers in all of the charts used in the financial and analytical calculations in 
this proposal are interchangeable, because in each case different assumptions may be required or 
different components make up the total from chart to chart.) 



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The following charts on job generation are very conservative estimates: 



Employment and Earnings Created During Construction 


Category 


Earnings 


Jobs 


Hard Construction Costs 


$75,900,000 


2,265 


Architecture & Engineering 


$8,810,000 


216 


Other Development Costs 


$44,970,000 


1,105 


Total 


$129,670,000 


3,586 




Category 


Earnings 


Jobs 


Hotel (3 jobs x 550 rooms) 


$44,400,000 


1,565 


Hotel Restaurant 


$6,800,000 


165 


Hotel Bars 


$4,500,000 


94 


Residential 


$2,500,000 


60 


Parking 


$1,000,000 


60 


World Plaza Retail 


$2,500,000 


458 


Eyes On World Visitors 


$4,500,000 


65 


Office leases 


$3,300,000 


32 


Building Management 


$2,100,000 


46 


Total 


$71,700,000 


3,632 



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4. At Least Thirty-five Percent (35%) DBE Participation 



Our local design firm, Perez, is a woman-owned company. 

Disadvantaged Business Enterprises 

There are qualified lists of Disadvantaged Business Enterprises accepted in the city, by city agencies (by 
the airport, the Orleans Levee District, the Regional Transit Authority and the state Dept. of 
Transportation and Development. We have all these lists, and will go first to them as we need firms to 
contract with, and so that we might meet or exceed - on every level - the 35% DBE participations level. 
A firm is certifiable under this program if it is at least 51% owned and controlled by individuals who are 
socially and economically disadvantaged and where the firm is not dominant in its industry. There are 
no presumptions of disadvantaged status for any racial, ethnic group or gender. From those three lists, 
the types of Businesses which might be utilized for DBE businesses by the World Trade Center 
businesses and the developer, and where there are certified companies include, but are not limited to: 



1. 


Concessions 


22. Baked goods 


2. 


Architecture and Engineering 


23. Trucking and commercial transportation 


3. 


Construction Contractors 


24. Insurance management and agencies 


4. 


Limousine service 


25. Steel fabrication for fence and guardrail 


5. 


Transportation planning 


26. Oil and petroleum products 


6. 


Lawn maintenance 


27. Industrial supplies 


7. 


Exterminating services 


28. Temporary staffing 


8. 


Drug testing 


29. Data processing and equipment 


9. 


Pressure washing and exterior 


30. Commercial cleaning 




maintenance 


31. Environmental remediation 


10. 


Security and patrol services and 


32. Accounting 




surveillance 


33. Employee background checks 


11. 


Messengers 


34. Sign manufacturing 


12. 


Janitorial services 


35. Public relations and marketing / check 


13. 


Parts and supplies 


out: www.ABC-communications.net 


14. 


Facilities support 


36. Computer systems 


15. 


Clothing stores for uniforms 


37. Research services 


16. 


Food service contractors 


38. Training 


17. 


Electrical contractors 


39. Interior design 


18. 


Stationery and office supplies 


40. Event planning 


19. 


Vending machines 


41. Shuttle buses 


20. 


Painting 


42. Catering 


21. 


Safety equipment 


43. Legal 



Moreover, most of the work in the development/construction phase will be handled by our General 
Contractor, the McDonnel Group, which has a 100% record for always meeting the expectations of DBE 
participation in all of their contracts with the city. On the following two pages are the O'Donnel Group 
DBE guidelines, which will be followed by them in this case as well: 




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MBE/WBE/DBE PROGRAM 



The McDonnel Group has implemented the following policy and procedures. These procedures have 
been established as a foundation upon which to continually build for the betterment of MBE/WBE/DBE 
businesses and the construction industry in general. 

The McDonnel Group acknowledges that this is an evolutionary process. With time, new practices will 
be adopted, old practices renewed and a better understanding of the overall program attained. This 
outline is considered to be a streamlined approach that yields itself to flexibility. It is The McDonnel 
Group's hope and desire that, through this program, new relationships will be established. 
Subcontractors who may not otherwise have the benefit of performing work on associated projects will 
be given the opportunity to expand. During the course of this program, it is anticipated that small 
businesses have the opportunity to expand and grow and become more proficient in every area of the 
trade (i.e. accounting, trade skills, management, people skills, business savvy, etc.) For those who can 
effectively perform their respective scope of work and render a quality product, it is hoped that long- 
term relationships are developed. 

Pre-Construction Services 

The McDonnel Group recognizes that in order to affect the above goal, outreach and good faith efforts 
are needed to initiate interest, identify recruitment sources and structuring procurement in such a way 
to allow MBE/WBE/DBE contracting firms the opportunity for involvement. It is our intent to accomplish 
this via the following methods: community outreach meetings, advertisements, notification to related 
organizations, project scope forms, time lines and particulars sent to prospective MBE/WBE/DBE by 
certified mail return receipt requested, follow up by telephone five days after mailing, pre-bid meetings 
and structuring of bid packages to allow for breakdown of work and comparable scope between similar 
trades, matching MBE/WBE/DBE's with prospective bidders on large packages where they may not be 
competitive. 

The McDonnel Group will begin by drawing on its existing database of MBE/WBE/DBE subcontractors 
and suppliers. This database was built over our twelve years of seeking out and working with minority 
and disadvantaged businesses. 

The McDonnel Group will conduct additional outreach through advertisements to trade organizations, 
special interests group publications and large distribution publications. The McDonnel Group hopes to 
make the contracting opportunities widely recognizable. It is The McDonnel Group's intent to structure 
verbiage of this advertisement in such a way to show forth sincerity and responsibility. Subcontractors 
who respond to said advertisements would be maintained in a database for future contact when their 
appropriate scope of work is bid. 

In addition to advertisements, it is The McDonnel Group's intent to notify various organizations whose 
purpose is to assist special interest groups targeted for the construction industry. Letters requesting 
initial interest and member listing will be forwarded to these organizations. Organizations wishing to 
participate in said project will have their members listed in the contact list for bid solicitation. 
Furthermore, The McDonnel Group will inform special interest organizations of contracting 
opportunities by speaking when invited to the organization's meeting. 



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During the lecture, scopes of work targeted to special interest groups with approximate dollar amounts 
will be made known. 

The McDonnel Group will forward construction drawings and documents to the organization to 
accommodate bidding convenience. 

When a particular scope of work is published for bid solicitation, The McDonnel Group will further 
accommodate interested bidders via pre-bid meetings. Pre-bid meetings will be conducted if one or all 
following conditions are met: 

• The McDonnel Group deems it to be in 
the best interest of the subcontractors 

• Subcontractor(s)request a meeting 

• Complexity of scope of work requires ample clarification 

During the meeting, bidders will be given a bid package that clearly defines a scope of work and a 
method of submitting proposals, availability and access to construction documents. 

Bid packages will be structured in a format which is simplified and conducive to identifying scope 
between various subcontractors. In an attempt to accommodate MBE/WBE/DBE participation, bid 
bonds will not be requested unless deemed necessary by The McDonnel Group. A bid bond will be 
requested only when said scope of work meets one or all of the following characteristics: scope is highly 
technical, work is critical to the project schedule, scope of work is compromised of a high dollar value, or 
if required by Owner. Once bids are received, it is The McDonnel Group's intent to ensure that all 
subcontractors bid on comparable scopes of work. 

In order to accommodate the aforementioned, it is necessary to define specific scopes of work. For 
instance, does a drywall contractor pick-up installation of fire caulking, taping, and finishing? A great 
deal of effort will be expended in analyzing the various proposals for uniformity. If requested by a 
number of subcontractors or deemed by The McDonnel Group to be a benefit to the project, various 
scopes of work may be broken down and awarded to two or more subcontractors to accommodate a 
specific scope of work. 

This will be beneficial to both the various subcontractors and The McDonnel Group to limit high dollar 
exposures where it is not the norm for different subcontractors, limit schedule risk when various 
subcontractors may not have the crew size to adequately staff the project, and limit liability to the 
Owner, The McDonnel Group, and the subcontractor. It is The McDonnel Group's intent through the 
above efforts to identify the lowest bidders who are both qualified and have been responsive during the 
bidding procedure. Once these firms have been identified, steps toward contract award and 
negotiations will be initiated. 

Contract Award 

During the award of subcontract agreements, a number of steps will be taken to ensure that the 
subcontractors have adequately prepared themselves and understand the work which is to be 
performed, the time it is to be performed within, and the policies and procedures which are to be 
followed as deemed necessary via the Owner's contract and The McDonnel Group's corporate policy. 
The lowest, most qualified subcontractor will be notified and requested to meet with the Project 



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Manager to discuss particulars associated with the respective scope of work. Unless deemed necessary 
by The McDonnel Group and/or required by the Owner, bonding will not typically be required. Bonding 
will be required when one are all of the following pertains to a subcontractors' scope of work: 

• High dollar amount 

• Highly specialized scope of work 

• Unusually long fabrication periods 

• Work which necessitates very large crew sizes 

Once a contract has been awarded, subcontractors will immediately be notified of project coordination 
meetings and copied on all correspondences that pertain to their portion of work. 

In order to assist MBE/WBE/DBE subcontractors who may not have adequate resources to fulfill their 
portion of work, The McDonnel Group offers cash flow assistance. Cash flow assistance can be any one 
or combination of the following: 

• The McDonnel Group will allow the subcontractors to assign their subcontract agreements to 
financial institutions to accommodate lending requirements which affect cash flow distribution 

• The McDonnel Group will also offer subcontractors assistance in accounting by monthly 
payroll draws, joint check arrangements to vendors, etc. 

Once a subcontract has been executed on behalf of both The McDonnel Group and subcontractor, The 
McDonnel Group further strives to accommodate MBE/WBE/DBE subcontractors through the 
construction process. 

Safety Standards 

The McDonnel Group will strive to create an environment that is conducive to equality among all 
subcontractors and employees regardless of age, religion, race, or gender. The McDonnel Group further 
expects subcontractors to participate in such a work environment and requires an acknowledgment of 
the same through The McDonnel Group's Equal Opportunity Policy. 

During the construction process, The McDonnel Group will strive to meet the employment goals by 
following up with initial contacts whether initiated by The McDonnel Group or on behalf of the 
applicant, by requesting lists of minority participants through the local unions and trade organizations 
and disseminating lists to respective subcontractors. The McDonnel Group will strive to refer minority, 
woman and disadvantaged businesses to the proper union halls, trade organizations, and subcontractors 
when The McDonnel Group cannot properly accommodate them. 

The McDonnel Group will require all subcontractors to be bound by the same terms and conditions as 
set forth in the MBE/WBE/DBE subcontracting and hiring plan. Furthermore, all subcontractors are 
encouraged to comply with the spirit of "Open Access" through all the same phases of their contracting 
and employment opportunities. Subcontractors will be required to forward a written plan on how they 
are to obtain and/or strive to meet the goals as set forth in the Subcontracting Plan. 

During the construction process, The McDonnel Group will accommodate MBE/WBE/DBE 
subcontractors via bimonthly labor draws, joint check to major material and/or equipment suppliers, 
guaranteeing payment when requested by material and/or equipment suppliers, and by providing 



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accounting assistance. 

An inclusive MBE/WBE/DBE program is not only critical for this project, but for every project The 
McDonnel Group builds. Our proactive efforts match our own commitment and we continually strive for 
improvement. 




The developer is well aware of the desire to fill positions and openings for both personnel and 
companies under contract for temporary or permanent work at the World Trade Center project from 
Orleans Parish. We are in complete agreement that local business participation is of paramount 
importance, and we will use every means to secure personnel and companies to work on this project 
from Orleans Paris and the city of New Orleans. We have a list of companies, both DBE and local to the 
parish and city, which we will contact as soon as we know we are the contract holder and have a grip on 
the scope of work to be done by that industry or capability. 

By the very nature of the construction and permanent jobs that will be needed at the re-developed 
World Trade Center building, primarily local people will fill them. Most positions will obviously be on 
site, and that means that they will be filled by people who live nearby - in New Orleans city and in 
Orleans Parish. 



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Qualifications and Performance 
History of the Respondent 



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James H. Burch is experienced in developments of this size, and James H. Burch LLC was specifically established for 
this New Orleans development. Each of his former projects have had their own named companies. Jim's forte is to 
create the ultimate, economically-feasible, shining-star of a major development. His vision has given remarkable, 
lucrative, far-sighted and iconic developments. He started small, then graduated to larger projects, including: 

1. National Harbor. This 240 acre Washington, DC development with 1 Vi miles of 1-95 Beltway frontage and 1 % 
miles of Potomac River Frontage took 4 and a half years to get county unanimous zoning approval (all previous 
zonings in the prior 30 years had failed), access to waterfront through federal property that gave the density needed 
(lobbying to successfully pass a bill through Congress, passing the federal land to the local county park authority, 
where a reciprocal agreement was already in place for local use of the park and direct access to the waterfront land, 
allowing higher density), and direct access to the site from the intersection of two interstate highways (1-295 and I- 
95), overturning an earlier written refusal by the state to allow interstate highway access. When it was done, 
National Harbor was approved an on its way to a billion dollar project, which he sold. It is now a $4 billion project 
(see photo below). 




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2 Riviera. 2,400 acres on the Potomac River with two miles of river frontage 20 minutes south of the Beltway. Jim 
Burch assembled the 12 parcels and put together the team that planned this one-of-a-kind project. He sold it for 
$20 million to one of the largest land developers in the country. Taking a year in thoughtful planning, this 
development included such creative elements as: 1) 50% open space, utilizing good land, to attract forest-dwelling 
birds and animals, have open space near every component use, and establish a sense of nature-at-hand 
right plan throughout; 2) a people moving transit system connecting the density concentrations and planned in 
conjunction with them; 3) a creative use of low land (not ecologically sensitive) be become a dredged marina and 
central focal point for the development, and a landing for hovercraft for commuters to downtown Washington, DC; 
4) the creation of a destination retail, in order to pump in tax dollars to the county in advance of residential 
development bringing tax drain public expenditures such as schools; and 5) creative architecture and design, 
making this planned development the best seen yet to date. 

3. Planned a 1,000 acre resort development for King Hassan II of Morocco, 1988. This involved the design and 
approval process for 3,000 residential units, 7 major hotels, marina, 2 golf courses, casino, gardens and myriad 
amenities. Most of the consultants for the project were European. This was the largest resort development of its 
kind in Morocco at that time. 

4. Planned and designed the development of the Island of Kerkenna, Tunisia, 1990. This island, the size of 
Bermuda, lies 5 miles off the eastern shore of Tunisia, near its second largest city, Sfax. For the government of 
Tunisia, Jim designed first the master plan for not only the whole island, but also the surrounding waters, setting 
aside areas for fishing, recreation and commercial cruise ships. Then the island itself was scaled to restrict the 
historical areas (where inhabitants lived as they did in the Ninth Century) strictly to locals, surrounding farming areas 
restricted to their current uses, and resort pods set around the water's edge of the island, connected by people 
movers, waterway canals. Cars were tightly restricted, and moped use encouraged. The Government took this 
project, enacting the design elements, and opening the development up to outsiders according to the plan. 

(Currently, Jim Burch has been the principal bishop of The Catholic Dioceses of One Spirit 
(www.OneSpiritCatholic.org) since March 2002; the diocese is an ecumenical Christian association, more like the 
early centuries of Christianity than the last several centuries, and based on the underlying substantive 
understanding that God loves everybody equally and unequivocally, and that the presence of Divinity within 
everything and everyone is the essence of the Christian message. Jim currently spends most of his time as a 
motivational speaker on spirituality, typically addressing more than 30,000 people each year. He has been an 
ordained Catholic priest since 1996, having previously trained for nine years in a Roman Catholic seminary. The 
diocese is currently comprised of approximately sixty plus progressive priests - women and men, married and single, 
heterosexual and homosexual - with more constantly in the pipeline, who work toward new means of spirituality for 
the 80% of the population no longer sustained by traditional church activities. He is deeply involved in multi- 
denominational, multi-religious activities, and stays quite active in political issues on Capitol Hill.) 



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QUOTES ABOUT JIM BURCH IN THE BUSINESS WORLD 

Dossier magazine wrote: "Burch ... combines enthusiasm and self-confidence in what appears to be a combustible 
mix." 

The Washington Post wrote: "Where all others had failed, Burch succeeded last week in wining zoning needed for a 
major waterfront development on the Potomac River ... a key ingredient in Burch's success was the man himself, 
who sensed the psychic need in Prince George's for recognition and exploited it aggressively, working his way into 
the county's social and political circles." 

In a later article, The Washington Post wrote: "For years entrepreneurs had eyed the verdant Potomac River bank 
just south of the Woodrow Wilson Bridge as ripe for development. But proposal after proposal fell victim to a small 
band of citizen activists determined to maintain their rustic semi-rural environment ... But last week James H. Burch 
... succeeded where others had failed ..." 

Dr. Cynthia Wedel, the first woman President of the National Council of Churches, wrote: "I have been enormously 
impressed with your understanding of community problems and of the changing world in which we are living." 

When King Hassan II of Morocco asked the American Ambassador to Morocco Tom Nassif what Jim Burch was like, 
Ambassador Nassif immediately answered, "Jim Burch is the kind of person who built America." 

Dossier magazine wrote: "[PortAmerica/National Harbor] brought vindication for his utter belief in his own vision 
and made his reputation in the Washington real estate community. He had sunk all of his and a lot of his partners' 
money into the project - a million dollars in all - and he kept it alive for four and a half years by sheer force of will 



In an article entitled "The Deal of a Lifetime," Dossier wrote: "Burch ... is engaging, eager to please, and so energetic 
that people his own age call him 'that young man.' Although he combines enthusiasm and self-confidence in what 
appears to be a combustible mix, nothing in his resume would have predicted the kind of vision and obsessive 
persistence that builds empires." 



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In charge of office supervision 

Formerly in the Washington D.C. Metro Area. Commercial Real Estate project management, primary for Cafritz 
Development and for Fairview Park. Mr. Arey 's degree is from the University of Maryland. 

Steven Peer 

In charge of field supervision 

Formerly in the Washington, D.C. Metro Area. Commercial Real Estate project management, primarily for 
Cafritz Development and the Gerald Hines Interests. Mr. Peer's degree is from the University of Virgin ia, 
Darden Graduate School of Business Administration. 



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Arey - Peer Partners offers clients a complete range of services 



Arey-Peer Partners bring a proven track record of superior quality development throughout the metropolitan region. 
The principals of the company have been involved in the development of some of the region's most prominent 
office buildings along with notable mixed-use and residential properties totaling several million square feet. They 
draw on past experiences to create a diversity of uses in unique new development projects. They create value for 
our clients and the communities in which they work through the development of sophisticated projects, which have 
a dynamic, positive relationship to their local neighborhoods, hallmark quality, and key custom features aimed at 
meeting every need of our customers. List of services and representative projects follow: 

• Owner's Representation 

• Project Management 

• Architectural / Engineering Coordination 

• Construction Management 

• Development Management 

• Feasibility Studies 

• Change Order Management 

• Pre-Development Due Diligence 

• Permit Coordination 

• Value Engineering 

• Business and Economic Incentives 

• Capital and Financial Solutions 

• Renewable Energy Design 

• LEED Certification and/or Energy Star 

• Asset Management (for FF&E) 

• Security, Signage, and A/V Coordination 

• Proactive Risk and Cost Mitigation 

• Management of Project Invoicing/ Cash Flow 

• Schedule Preparation 

• "Look Ahead" Management 



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3120 Fairview Park Drive - Northrop Grumman- 
Develop, finance, and construct for Fairview 
Property Investments - 2008 NAIOP award 
winner. Suburban Office - 180,000sf- project 
size: $53 million. James G. Davis Construction + 
Noritake Associates. 



2900 Fairview Park Drive - Develop, finance, 
and construct - HITT's corporate 
headquarters, 169,000 sf. Negotiated Joint 
Venture between HITT and Fairview Property 
Investments - project size: $46 million. HITT 
+ Noritake. 




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2941 Fairview Park Drive-General Dynamics 
Headquarters- Manage construction of 
General Dynamic's world headquarters 
tenant space, 170,000 sf- project size: $27 
million. Rand +Lehman-Smith. 




1775 Eye Street - $30 million renovation of 180,000 sf DC office building. ULLICO financed $26.5 million 
construction loan. After HAZMAT remediation, property upgraded through gut renovation from Class C to 
Class A equivalent and sold to Pension Fund. Work included re-design of facade, elevators, and lobbies. 




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77 K Street-Property acquisition and land-carry lease ofl950's building to District of Columbia. Managed 
property and extended lease with DC Bureau of Traffic Adjudication. Directed design, marketing and pre- 
leasing of new 335,000 sf office building. Negotiated purchase of TDR's, secured building permit and 
general contract and sold site for $29 million to joint venture of Brookfield and ING. Davis Carter Scott. 



Ravinia 

Atlanta, GA 

Gerald D. Hines Interests 
1982 to 1987 

1 ,600,000 sf Four-Building Office Complex 
500 Room Hyatt Regency Hotel 



Served as Project Manager for this mixed-use suburban high-rise office and hotel project. Involvement started with 
the acquisition of an un-entitled 40-arcefarm located in the NEC of 1-285 and Ashford Dunwoody Road. Was active 
in the entitlement process, architect selection (Kevin Roche), master site planning, and design of the first seventeen- 
story 400,000 sf off ice building. Negotiated financing documents with Algemene Bank of the Netherlands. Started 
construction spec, executed 300,000 sf lease with Northern Telecom to occupy at issuance ofC/O, leased balance of 
space to 100% occupancy. Awarded bonus equal to two times annual salary for bringing project in on-time and 10% 
under budget. In addition, negotiated with Nick Pritzker for the sale to thePritzker family of : a site for a500-room 
Hyatt Regency (one of only eleven family owned hotels at the time). 




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191 Peachtree 

Atlanta, GA 

Gerald D. Hines Interests 
1986 to 1987 




1 ,200,000 sf Office BuildinFor this 50-story office building located on Peachtree in the CBD, served as the Project 
Manager through the early stages of the development. Participated in documentation of joint venture with Tom 
Cousins who controlled the land assembly, negotiated financing documents with PGGM, was involved in architect 
design competition through selection of Philip Johnson and in lead tenant lease negotiation with King & Spaulding. 



1201 New York Avenue 

Washington, DC 

The Kaempfer Company 

1987 to 1988 

325,000 sf Office Building 



Served as Vice President/Project Manager and partner in this 325,000 sf office building located in the East End of 
Washington's CBD. Responsibility started at topping-out of construction. Executed lead tenant lease with the Hotel 
and Motel Association and several additional tenant leases. Negotiated with equity partner (Clark Construction) to 
expand budget to reflect realities of market and started land assembly and design for expansion project known as 
1225 New York Avenue. 




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Washington Harbour 

Washington, DC 



Cafritz Interests 
1988 to 1990 
510,000 sf Office/Retail 

Senior Vice President/Project Manager and partner in this waterfront development in the Georgetown area of 
Washington. Was involved in the purchase of the property from the senior lender after foreclosure from the original 
developer. Construction was 95% complete at the time of acquisition. Negotiated joint venture financing 
agreement with Long Term Credit Bank of Japan (LTCB) requiring no sponsor equity. Resolved numerous pre-existing 
lawsuits, hired construction manger and directed construction completion. Hired property manager and directed 
property management and accounting. Engaged third party leasing team and directed leasing effort. Completed 
construction and achieved over 90% occupancy. Negotiated sale of Cafritz partnership interests for $5 million to 
LTCB in 1991. 




Security West 

Baltimore, MD 




Cafritz Interests 
1988 to Present 
850,000 sf GSA Office Building 



As President and Project Manager negotiated leases with GSA for the entire building in 1993 and 2003. After the 
lease execution in 1993 negotiated and closed a $56 million public debtfinancing which repaid all previous owner 
equity and designed, contracted for and directed a $28 million renovation of the entire building working around 
4, 000 Social Security Administration employees. After negotiating and executing anew lease in 2003, secured a $98 
million public debtfinancing with a $10 million residual value insurance policy and completed a $4 million 
renovation of public spaces. In 2009 negotiated, designed and directed a $14 million renovation of all tenant 
finishes in the building paid for by GSA. Responsible for HAZMAT management and abatement in the building and on 
site. 



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1990 to 1992 
140,000 sf Office 

Negotiated lead tenant lease with American Colleges of Obstetricians and Gynecologists (ACOG). Directed leasing and 
negotiated leases for spec space and garage. Negotiated lender workout agreement releasing personal guaranties. 
Sold asset to ACOG in 1992. 



1660 L Street 

Washington, DC 




From acquisition of this late 1960's occupied asset, managed leasing, property management and public space 
renovations. Directed sale effort and negotiate and closed sale to Korean International Trade Association. Asset 
purchased in 1995 for $17 million and sold in 2005 for $52 million. 



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Palmer Club 

Sarasota, FL 

Cafritz Interests LLC 
2001 to 2007 
86-Unit Assisted Living 

Identified off-market asset in 2001 held by national assisted living operator teetering with Chapter 11. Purchased asset vacant 
for $2.4 million and renovated facility. Directed leasing and management. Achieved 100% occupancy and sold asset to local 
operator for $6.5 million in 2007. 



Thunderhead 

Steamboat Springs, CO 

Cafritz Interests LLC 
2006 to Present 
900,000 sf Resort Condominium 

Negotiated with JV controlled by Freeport-MacMoRan and Starwood to purchase eight acres at the base of this one million 
skier visit mountain. Secured debt and equity for $60 million purchase. Engaged local developer to manage on-site efforts, 
directed design and entitlements resulting in increased density from two and three story .5 FAR to nine-story 2.0 FAR. 
Executed LOIfor Ritz-Carlton branded whole- ownership condominiums. Demolished existing buildings. As development 
market collapsed negotiated five-year profit sharing participation in exchange for release of all decision making authority and 
transfer of ownership interests. 



85 | P a g e 





Lead Design Architect 




The following 17 pages are the qualifications of Wimberly Allison Tong & Goo (WATG), whom the developer 
believes is the best design company for resorts, hotels and mixed-us attractions in the world. They have designed 
approximately 40% of the world's top resorts and hotels, including - among MANY others - those on the next 
pages. 



86 | P a g e 



experience 



WA 



WATG Wimberly 




renovate 
refurbish 



rejuvenate 
reposition 



Upgrading your hotel - whether it's to create a fresh 
look, improve efficiencies, or totally reinvent your 
property - goes a long way toward protecting your 
assets as well as your reputation. With clear objectives 
and an experienced team, your renovated property can 
achieve or exceed your ROI goals 



relax 



Contact WATG to help you renovate and rejuvenate 
your property. Now is the time 



Service Lines 



WAT G 



Strategic Consulting 

WATG offers strategic consulting expertise 
■n response to clients' requests for assistance 
throughout the development cycle. Our 
hospitality advisors can help you: 
» Determine the best use of your site 

■ Assess your project's feasibility 

• Coordinate the efforts of your consultants 

■ Achieve a level of green/sustainable design 
& obtain third-party certification 

• Solicit proposals and negotiate contracts 
with operators 

■ Analyse opportunities for renovation 5 
repositioning 

Master Planning 

Having designed more hospitality projects 
than any other firm in the world, our strong 
track record developed over six decades 
shows successful completion of mixed-use 
planning projects that are aesthetically pleasing, 
environmentally responsible, financially 
successful and operationally efficient 

A Strong Trock Record 

• Knowledge of international expectations 
and Standards. Having worked in over 160 
countries, we offer a broad perspective of 
what is involved In creating a viable master 
plan. 

■ Collaborative approach to planning and 
design. As a firm, we work collaboratively 
involving clients, operators, consultants, 
government officials and other interested 
parties to ensure that suggestions and ideas 
are incorporated at the very earliest stage. 

• Proven lead consultant abilities. We 

are frequently asked to provide the overall 
management and coordination of all the 
consultants and their efforts throughout the 
master planning process. 

• Dual expertise working in tandem for rapid 
advancement. We are designers and 
hospitality consultants as well as planners — 
this dual expertise is beneficial if there is a 
substantial amount of work to be completed 
in a relatively short time frame. 

WATG planners look at market analyses, 
valuation findings, and land use comparisons to 
assess issues of viability and compatibility. Urban 
planning and resort planning services include: 

• Site assessment 

• Site selection 

- Highest and best use analysis 

■ Master planning 

• Site design 

• Architectural concept design planning 



Architecture 

At WATG, we measure success the way our clients 
do-speed to market, price and pace of sales, revenue 
per square foot profitability, return on investment, 
net present value. An insider's understanding of sales 
success is requisite to design success 

WATG projects secure not only design awards but 
also bottom-line results Our specialised experience 
in these areas is a priceless addition to any project: 

* Project management 

* Conceptual design 

■ Architectural design 

* Production of technical drawings 

- Coordination of prime consultants 

Interior Design 

Over the years WATG has evolved to meet the 
changing needs of its valued clients. To complement 
its traditional strengths in architecture, planning 
and consulting, WATG offers interior design 
services, in order to deliver to clients an integrated 
"one-stop- shop" experience with a single point 
of accountability. The result is a well-coordinated 
project development process and a seamlessly 
executed product. Our interiors script opportunities 
for people to find rejuvenation, recreation, 
romance, excitement, and escape 

WATG's interior design services deliver to clients 
an integrated experience with a single point of 
accountability and a specialization m hospitality 
projects, interior design services include: 

■ Facilities programming & space planning 

■ Budgeting and value engineering 

* Interior architecture 

■ Interior design documentation 

* Specifications 

* Furniture, finishes, fixtures selection (FF&E) 

* Procurement management 

* Installation 

Landscape Design 

WATG offers a full range of landscape architecture, 
design and consulting services, including: 

* Project feasibility assessment 

* Environmental feasibility analysis 

* Hard and soft landscape design 

* Outdoor artwork selection 

* Construction documentation 

■ On-site reviews and contract administration 




Mailer Planning 




Architecture 




Interior Design 

N«w Lenturv Nirtrjbo Hof?l. Ningbj, China 




Landscape Dastofl 

bttanu Nacn Abu wiahi, uaf 



Masquerade at Harrahs New Orleans 

New Orleans, Louisiana, USA 



WATG Wimberly 

INTERIOR*/ 





Harrah's Entertainment, Inc. 



13,000 square feet 



2, 40 Q-squa re-foot ultra lounge, 
42-foot tall high-tech video tower 
32-foot rce bar; live shows and music; 
Table games and slots; night Sky- 
themed ceiling mural 

services provided 
Architectural design 
Interior design 

associate architect 
Montgomery Roth 



challenge 

The design challenge was to create a one-of-a-kind, hip and ultra-modern casino entertainment venue 
to become the focal point of the existing casino, 



solution 

The design team created a "Masquerade" therned entertainment piece at the center of the casino rn the 
former passive Jazz Court area. The space was designed in a New Orleans baroque, contrasting wrth a 
sleek and ultra modern video tower. The 42 -foot-tall tower serves as the centerpiece and merges art and 
technology to create a sensory experience with audio, video and special effects including faux-fire and 
intelligent lighting. A BB-foot ceiling displays a night sky therned mural and fiber optic galaxy to give the 
space a dramatic outdoor feel. Completing the experience is an intimate private lounge, 32-foot ice bar, 
dance floor, stage for live shows, table games and slots. 



Masquerade at Harrah's New Orleans 

New Orleans, Louisiana, USA 



WATG Wimberlv 




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Harrah's New Orleans 

New Orleans, Louisiana, USA 



WAT G 




Harrah s New Orleans 

New Orleans, Louisiana, USA 



WATG 




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The Ritz-Carlton, Guangzhou 

Guangzhou, China 



WAT G 





R&P Properties Group 



351 guestrooms 

T20 serviced apartments 

42 stones 

amenities 

Two restaurants (fine dming and 
Chinese), spa; fitness center, indoor 
pool; lobby lounge, two private 
penthouses with private pools 

services provided 
Architectural design 



challenge 

The challenge was to design a five-star luxury hotel in an urban setting that would maximize its 
prominent location. 

solution 

A forty-two story contemporary structure was designed to offer panoramic views of the Pearl River. 
The layout of the hotel allows for effortless access to the nearby international convention and exhibition 
center, the opera house and national museum, 



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St. Regis Hotel & Residences Singapore 

SiiUj.ipori 



WAT G 





City Project Management Ptd- Ltd 



Si1e: 4 1 3 acre site (1 .67 hectares) 
299-room luxury hotel (20 stories) 
173 residences (apartments, 
suites and penthouses in two 
23-story towers} 



Rernede Spa with sensorial lounge and 
aquarium; sauna; fitness center; pool; 
terns; jogging path, retail; dining; 
Bentley Fleet transportation service 

services provided 
Architectural design 



challenge 

The design challenge was to create a dynamically sculptured, vibrant and inviting city-center mixed- 
use complex for the heart of Singapore, and an emblem of Singapore's prominence as a 2 1 st-century 
destination, 

solution 

Incorporating the crescent symbol of the nation's flag in the design, the architects visually linked the 
three buildings on the urban site with crescent-shaped forms and profiles, dad in translucent gtess to 
achieve a luminescent glow, 



Trove! + Leisure Magazine, IT LIST - Top 
30 new hotels m the world, Conde' 
Nast Traveler, HOT LIST - Hottest 
new hotels in the world; Conde' Na$t 
Traveler, HOT LIST - Hottest new spas 
m the world; Elite Traveler, Top 1 01 
Hotel/Resort Suites of the Year; Robb 
Report, Best of the Best - new hotels 



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St. Regis Hotel & Residences Singapore 

Singapore 



WATG 




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TJMC Four Seasons 

Tianiin. China 



WATC 




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The Bentley Suite at the St. Regis New York 

New York. New York. USA 



Wimberly 

INTERIORS/ 





client 

Starwood Hotels & Resorts, Worldwide 
in collaboration with Bentley Motors. 



1700 square feet 



Expansive dining and living rooms; 
floor to ceilmg windows; Bentlev- 
i-ns.pired accents throughout the 
suite; views overlooking Fifth Avenue 
and Central Part; St. Regis butler 
service; in-suite champagne bar, and 
complimentary access to the St. Regis 
Bentley MuJsanne 



services provided 
Interior design 



The challenge was to transform a suite at the 5t. Regis New York into ar> iconic one-of-a-kind luxury 
suite that exemplifies the characteristics of both the Bentley Motors, and St. Regis brands 



solution 

The suite's design boasts a unique juxtaposition of elegance and contemporary -. :ra: reflects 

the bespoke elements of both brands. The black leather tile floor pairs perfectly with a linen colored, 
perforated diamond leather wall, stitched with one of the 42 custom Bentley leathers. A metallic silver 
mirror, inspired by a carbon fiber wheel rim, sits above an accent table evocative of the dashboard 
of a Bentley The suite combines the modern yet glamorous style of the brand with the timeless and 
impeccable style of The St. Regis New York. 




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Pan Pacific Singapore - Lobby 

vi.!iii..j Square. Singapore 



Wimberly 

interiors/ 





chaltange client 

Pan Pacific challenged WATG to redefine its dated, albeit highly profitable, Lobby Lounge located in a Pan Pacific Hotels 

John Ponmari designed 35 storey Atrium, the tallest in Southeast Asia. 



Using a rtiotif of tubular louvered screens, WATG divided the opulent space into more intimate sub- 
areas. A high wall was erected as a backdrop in photo images of Singapore's national flower, the Miss 
Vanda Joachim Orchard in aqua tiles, the largest mosaic mural of it's type in the world. A tapas-style. 
Japanese sake bar and a wine cellar have been placed into the original Portman designed entry tunnels. 



Capacity was doubled to a total of 250 seats while maintaining the intimate atmosphere local customers 
had come to associate with the Lounge and bringing the decor into the 2 1 st Century 



742 guestrooms; 38 suites 
amenities 

Business center; outdoor swimming 
pool with underwater sound system; 
tennis courts; Clark Hatch Life Spa & 
Fitness Centre: conference facilities 

services provided 
Interior design 



Pan Pacific Singapore - Ballroom 

Marina Square. Singapore 



Wimberly 

interiors/ 




client 

Pan Pacific Hotels 

Ballroom - 8,662 square feet 

amenities 

The Pacific Ballroom accommodates 
up to 680 diners or 800 reception 
guests wrth special soundproof wall 
panels; new state-of-the-art sound 
system, audio-visual equipment; high- 
tech electronic remote to control 
house lights, slide projector, screen 
and sound 

services provided 
Interior design 




challenge 

The design challenge was to create a distinctive environment and renovate the ballroom and public areas 



to attract more customers. 



The design team refurbished an under-performing portion of the hotel with a unique and refreshing 
design approach, using state-of-the-art lighting and acoustics. 



Revenues skyrocketed after the renovation - in six months since the project's completion, banquet sales 
increased by 40%. 



Fairmont Towers Heliopolis 



WATG Wimberly 




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The Ritz-Carlton, Panama 

Panama City, Panama 



Wimberly 

INTEHiOHs/ 




client 

CM+D International 



222 guestrooms 
26 suites 
SO residences 

amenities 

Club lounge; lobby lounge; bar and 
three-meal restaurant; pool bar + 
grUI; spa + fitness center; owner's 
lounge + boardroom; meeting 
spaces, ballroom, + prefunction 
areas, kids' dub 

services provided 
Interiors 

challenge 

The challenge was to design a 
luxury hotel that reinforced a sense 
of place with cultural details. 

solution 

Panama's Canal and Water Ways 
influenced the design with a 
crisp nautical palette of navy and 
white accented with bright pops 
of color. The interior architecture 
utilizes, techniques and styles found 
in luxury yachts. The design for 
this property is distinctly far a 
modern yacht that's docked in 
Panama City and incorporates the 
locale within the yacht's design. 

Inspired by importation of specialty 
goods and the growth of luxury 
items imported into Panama, the 
scheme also shares architectural 
influences from high-end retail 
boutiques, which connects the 
hotel to the luxury retail center 
within the development, 



103 | P a g e 



Peter Capone, AIA 



Peter Capone is perhaps the last living partner of Edward Durell Stone, the famous architect of the middle 
Twentieth Century who was the architect of the subject World Trade Center building. He was vice president and 
director of Edward Durell Stone & Associates, Architects, and is our advisor. He will assist us to keep the legacy of 
the famous Edward Durell Stone and this building of his design. 

Among this firm's many landmark buildings were not only the World Trade Center in New Orleans, but also 
Beckman Auditorium at the California Institute of Technology, the Public Library of the City of Palo Alto, the 
Museum of Modern Art in New York City, and the Center Library for International and Public Affairs in Los Angeles. 



Founded in 1940, Perez has grown into a national company with international reach. They are a 100% Woman and 
Minority owned, multidisciplinary firm providing a full range of in-house services including architecture, design- 
build, construction, landscape architecture, planning, interior design, and real estate development. Their depth of 
service offerings is complemented by eight national offices on the Gulf Coast, West Coast, East Coast, and Midwest, 
and a diverse portfolio of experience, which spans nearly every building and project type imaginable. The following 
several pages show some of Perez' work. 



■ 





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Angela O'Byrne, FAIA, NCARB, LEED AP 
President 



Education- Tu ' ane u n ' vers 'ty^ Master of Architecture 

Columbia University, Master of Real Estate Development 

Under Angela O'Byrne's visionary leadership, Perez has grown into a national firm, with locations across the country 
and projects around the globe. Angela joined Perez in 1998, and took over leadership of the company two years 
later as the owners' hand-picked successor. During her time as President of Perez, APC, Angela has opened nine 
new offices throughout the US, won federal contracts in Germany, Afghanistan, Iraq, and West Africa, and added 
construction, procurement, and real estate development to the firm's service offerings. She has over 30 years of 
experience in design and management of diverse project types including multi-unit housing, hospitality, recreation, 
master planning, historic renovations, education, government buildings, LEED certified projects, military 
construction, and more. 

Born in Cali, Colombia, Angela came to the United States at the age of five when her father accepted a teaching and 
research position at Tulane University School of Medicine in New Orleans. She is a licensed Architect in more than a 
dozen states, a licensed General Contractor in Louisiana, and a LEED Accredited Professional in Building Design and 
Construction (BD+C). Prior to taking over the leadership of Perez, Angela served as Operations Manager, Studio 
Director, and Project Manager for three multi-national Architecture and Engineering firms in New York City. Earlier 
in her career, Angela was the Director of Project Management for the New York City Housing Development 
Corporation, the largest Housing Finance Agency (HFA) in the country. 

Over the course of her career, Angela has received numerous honors and awards for her design work and her 
service to the community. She was named one of the "40 under 40— the Power Generation" by New Orleans 
CityBusiness in 1999, "40 under 40" by Gambit Magazine in 2000, Woman of the Year by New Orleans CityBusiness 
in 2001, 2006 and 2009, and Architect of the Year by New Orleans Mayor Marc Morial in 2002. Angela was selected 
for the New Orleans Regional Leadership Institute (NORLI) in 2000, and was inducted into the New Orleans 
CityBusiness Hall of Fame in 2009. Angela served as President of the AIA New Orleans chapter and was responsible 
for planning a Smart Growth Summit in May 2005, and hosting the Governor's Louisiana Recovery and Rebuilding 
Conference in November 2005 (100 days after Hurricane Katrina.) Shortly thereafter, Angela co-founded the non- 
profit, City-Works to advocate for better urban planning and design in the rebuilding of New Orleans. 

Angela is currently on the Board of Directors of CREW Network, City-Works, Harmony Neighborhood Development 
(non-profit real estate developer), Newcorp (non-profit Community Development Financial Institution), Tulane 
University School of Architecture, New Orleans Business Alliance (NOAB) Business Development Leadership Council, 
a charter school in New Orleans and three privately owned for-profit companies. In the past, she has served on the 
Boards of AIA Louisiana, AIA New Orleans, New Orleans Regional Chamber of Commerce, and Women's 
Professional Council. She is a member of the US Green Building Council (USGBC), Women Impacting Public Policy 
(WIPP), the National Association of Housing & Redevelopment Officials (NAHRO), and Public Housing Authorities 
Directors Association (PHADA). 

Ms. O'Byrne has three grown children: Frederick, Alexandra, and Christina. She sang for years in church choirs, and 
enjoys reading, movies, live theater and music events, travel throughout the world, golf, hiking, running, swimming, 
and biking. 



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Alfred "Pio" Lyons 

Lead Local Architect at the Perez firm 



Pio Lyons was a principal at the architectural firm of Lyons & Hudson. Formed in 1973, the company had 
two major goals: design and technical expertise. Recently Lyons & Hudson was acquired by Perez. 

The philosophy established in 1973 guided the firm to a position of strength with capability for execution of 
large and various building types. Their experience included major hospital projects, laboratory research 
facilities, diagnostic and evaluation facilities, student housing, office buildings, libraries, restaurant facilities, 
hotels and schools. The principals of the firm have extensive experience in a wide variety of renovation and 
restoration projects, including the Orpheum Theatre for the New Orleans Symphony and the Wildlife and 
Fisheries Building for the higher courts of the State of Louisiana. Such renovation projects require extensive 
knowledge of older building techniques, as well as knowledge of current technology and its applicability to 
the preservation of such historic buildings. 

With excellence in design as one of their major goals the firm received numerous local and national awards, 
recognized not only by their peers through receipt of awards but by the community as well, through design 
critics of newspapers, civic groups and individuals. They were honored for both new construction and 
renovation of historic buildings. Mr. Lyons, particularly, brings that capability to his new position, and to his 
work on the redevelopment of the historic World Trade Center building. 

Additionally, maintaining a high standard of technical competency as their other major goal enabled the firm 
to earn the respect of the construction industry due to the thoroughness of their construction documents 
and due to their responsiveness during the actual construction of our projects. Years of experience, 
extending from the early 1960s, in production, writing of specifications, and contract administration enabled 
Lyons & Hudson to consistently produce well-designed projects on budget and on schedule, and to be a 
valuable addition to Perez. 



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One Canal Place 




Year: 1979 / Canal Place Venture 

Perez designed this 32- story 650,000 SF commercial office and retail facility in downtown New Orleans. The project 
included accommodations for single office users and multi- floor tenants, 3- story shopping center, hotel, mail 
services, parking garage, and passenger and service elevators. 



1984 World's Fair, New Orleans 




1964: Louisiana World Exposition, Inc. 

The 1984 World's Fair transformed a decaying industrial area into a vibrant postmodern festival, spurring 
redevelopment of the entire downtown and riverfront area of New Orleans. Perez served as the Master Planner 
and Lead Design Team, and created one of the most notable aspects of the fair: the Mississippi Aerial River Transit 
(or MART), an aerial gondola traversing the river from the CBD to Algiers 



107 | P a g e 



Hotel Intercontinental New Orleans 







1984: Intercontinental Hotels 

Designed to accommodate increased tourism in advance of the 1984 World's Fair, this facility was the first US 
Intercontinental hotel to be built from the ground up. At its opening, the luxury property contained 504 rooms, two 
solarium dining spaces, a formal dining room, lobby bar, sculpture garden, and European- style courtyard. Many 
years later, the client called upon Perez to provide design for renovations and upgrades to all rooms in the facility. 
This project was completed in 2000. 



Louis Armstrong New Orleans International Airport - Phase IV Terminal Renovations 




2012: New Orleans Aviation Board (NOAB) 

In 2011, the Perez team was awarded the largest phase of the ongoing Terminal Renovation project. The project 
includes renovation and visual unification of the terminal interior, consolidation of the security checkpoint and 
concessions area at the West Terminal, and relocation of the NOAB offices to Concourse A. Rather than drawing 
from familiar imagery, the design team was inspired by the traditions, rituals, and natural beauty of New Orleans. 
The idea of procession evident in parades, jazz funerals, and the movement of the Mississippi River, was a driving 
concept for the design. Colors were chosen to suggest the warmth and liveliness of the city, in opposition to the 
institutional color palette of the existing facility. 



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Denver International Airport 




Year: 1995 

Services: Program Management & Schematic Design 
Client: City and County of Denver Department of Aviation 

Perez provided schematic design for airport concourses, and program management services for the $250 Million 
Jeppesen Terminal Complex at Denver International Airport. At the time of construction, this airport was the 
centerpiece for the country's expanded air transportation system, and one of three major "worldports." 



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Harrah's Casino New Orleans 




1999: JCC Holding Company 

Awards: Casino Executive Magazine, Gold Medallion Award - New Construction for Land- Based Facility 

Design for the Harrah's Casino reused space which originally housed the Rivergate Exhibition Center in downtown 
New Orleans. At the time of construction, the resulting four- level facility was the world's largest land- based 
casino, encompassing approximately 800,000 square feet of gaming, restaurants, ballrooms, and back- of- house 
support. The exterior architectural style of the facility echoes the festive spirit of the New Orleans Community, and 
complements the ambience of surrounding hotels, the Ernest N. Morial Convention Center, and the Riverwalk 
Shopping Center. 

Our General Contractor, the McDonnel Group, worked on Harrah's Casino with Perez. 



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1231 Decatur Street Historic Renovation 




2004: 505 Royal Street, LLC 

Awards: Award of Merit in Historic Preservation, American Institute of Architects 

Perez provided design services for renovation of a four- story home, first floor retail space, three- story slave 
quarters, and courtyard into one retail condominium and five residential condominiums. Historic elements of the 
French Quarter home, such as the classic winding wood three- story staircase, and wrought iron balcony 
overlooking Decatur Street were preserved and restored to the greatest extent possible. 



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S3 



The McDonnel Group 



3350 Ridgelake Drive Suite 170 
Metairie, La 70002 or 
P.O. Box 7392 Metairie, LA 70010 
Phone: 504.219.0032 



The McDonnel Group is a Louisiana based general contractor located in Metairie, LA. They provide comprehensive 
services that go beyond the mere construction of new projects. The ability to understand not only the construction 
process but also the overall design, development, and usability of each project distinguishes them from their 
competitors. Their staff and ownership possess a unique combination of talents that are unparalleled. 

The McDonnel Group's objective is to deliver to its clients the best job possible by utilizing innovative solutions that 
provide optimum results. Whenever there is a more professional way to ensure value, The McDonnel Group can be 
relied upon to propose such a course. From pre-construction services and project engineering to construction 
management and field logistics, The McDonnel Group has the unique advantage of being able to manage each 
project from inception to end. Technology coupled with extensive experience enhances The McDonnel Group's 
ability to format information allowing the company to better communicate with its clients. The McDonnel Group's 
specialties include interior and exterior renovations, remodeling, building additions, and ground up construction of 
new buildings. They will tailor services to the client's individual needs which may include design support, 
preliminary budgeting, resource and logistics planning, scope management, project scheduling, project 
administration, and supervision. 

The McDonnel Group is committed to building long term relationships with satisfied clients by providing reliable 
service and innovative solutions, focusing on the details and expectations of their clients' construction needs. 

Design-Build 

By working with a selected architect from the design phase of a project to project completion, The McDonnel 
Group assumes total responsibility for the design and construction of your project, giving our project a single 
source of responsibility from start to finish. 

112 | P a g e 



• Obtain a firm price for a custom tailored program at a very early stage 

• Develop space program independently or choose to include this function in the 
design-build contract 

• Receive expert assistance in determining space needs, budget, schedule, 
materials, and project goals 

Once space requirements have been developed, The McDonnel Group assemble a team of construction 
professionals from each of the required design disciplines, drawing from their own in-house resources, as well as, 
external sources. The team's combined expertise allows them to efficiently and effectively meet project design 
and construction requirements, often within stringent budget and schedule parameters. Confidence in the design- 
build process will grow as clients experience the benefits of having a single source of responsibility, working with a 
fixed project price, and knowing exactly when the project will be ready for use. 

Construction 

The McDonnel Group brings the most talented, innovative, and professional group of subcontractors, consultants, 
field supervisors, and project managers together in order to bring each propject to reality. 

• Quality construction 

• Strict cost and schedule control 

• Professional work ethics 

• Success in consistently meeting client's expectations 



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St. Augustine High School Expansion and Renovations 




LSU Health Sciences Center — Charity School of Nursing Dormitory 




LSU School of Medicine Center For Advanced Practice 




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Omni Crescent Hotel Restoration 




Omni Royal Orleans Lobby and Rib Room Renovations 




New Orleans Marriott Lobby and Ballroom Renovations 



Ripley's Believe It Or Not Museum 




Metairie Country Club Expansion and Renovations 




Cafe Du Monde, Metairie, LA 




Louis Armstrong New Orleans International Airport Concourse D Phase IV 



Mary Bird Perkins Cancer Center at Terrebonne General Medical Center 




Cabrini Luxury Apartments 



Market Analysis 



The initial hotel and hotel-related Market Analysis: 
Gary Schnellbacher 

Mr. Schnellbacher worked for PKF, the consulting and evaluation firm specializing in hotels and hospitality research, 
in Houston until his recent retirement from that company. He intimately knows the New Orleans market. Gary 
Schnellbacher has reviewed and touched up the preliminary RFP-based market analysis for the all the components 
of this development submitted herewith. This is not an "ultimate" final market analysis, because it is impossible to 
get a full market analysis done under the present limitations imposed in the RFP process. Moreover and most 
importantly, by the very nature of future negotiations required to be done with the city, changes may occur which 
would make a full-fledged market analysis at this timeframe completely off target. This initial market analysis is 
acknowledged as an in-house study, yet done by professionals, reviewed by Mr. Schnellbacher for correctness, and 
not a final version. 

The final FEASIBILITY STUDY: 

The final FEASIBILITY STUDY will be conducted after we win the negotiated contract, and it will be done by Mr. 
Schnellbacher's company, Schnellbacher Development Services. 

Mr. Schnellbacher was formerly Associate at PKF Consulting, Inc. in Houston, TX, and Commercial Staff Appraiser for 
O'Connor & Associates, Houston, TX. He was Commercial Review Appraiser for Conley, Knight & Boswell, 
Manhattan, Kansas; was Director of Property Taxation for Brock Hotel Corporation in Irving, TX; and Was Chief 
Appraiser, Head of Real Estate for Shawnee County, Topeka, Kansas. His special competence is market supply and 
demand analysis, financial feasibility and appraisals for hotels, resorts, mixed-use developments, and 
hotel-related-condominiums; survey design and methodology; financial and economic impact analysis. 
He has over 25 years of hospitality and real estate industry consulting experience. He has conducted 
numerous market supply and demand analysis, and appraisal analysis studies for existing and 
proposed hotels, mixed-use developments and hotel-related condominium projects and their related 
amenities. Scope of these engagements included site analysis; area review (including economic and 
demographic research); market demand and supply analysis; facility recommendations and projected 
performance; analysis of financial feasibility and valuation. 



118 | P a g e 



Residential Rental Realtor 



^ Dorian i Sotheby's 

■I Bennett INTERNATIONAL MALTY 



Memories, relationships, treasured possessions - homes are repositories of the things that matter most. To 
market a distinctive home requires uncommon knowledge and resources. At Dorian Bennett Sotheby's 
International Realty offices, potential residents of our luxury apartments will find representatives experienced in 
offering exceptional living spaces. Their agents understand that a home - owned or leased, apartment or 
plantation - reflects the incalculable value of the life within. 

As in art, antiques, wine and collectibles, the common denominator of homes represented by Dorian Bennett 
Sotheby's International Realty is the distinctive character of the property. Dorian Bennett Sotheby's International 
Realty represents properties of significant interest, which the residences at this location certainly will have. They 
also bring to every relationship an emphasis on exceptional service and a practiced eye for recognizing the unique 
value of a property. 

Dorian Bennett Sotheby's International Realty is known for investments in historic New Orleans. Dorian Bennett 
Sotheby's International Realty continually lists properties ranging from grand mansions and Victorian gingerbread 
homes to sleek modern penthouses and properties ideal for renovation and redevelopment. 

Dorian Bennett has long been a patron and supporter of the arts. Dorian also serves 
as New Orleans "Real Estate Agent to the Stars!" Dorian has sold local real estate to 
such notables as Nicholas Cage, Lenny Kravitz, Taylor Hackford, Jimmy Buffett and 
Zachary Richard. He even sold House of Blues its Decatur Street property. Through 
his work with the New Orleans Film Commission and by word-of-mouth, his name 
has been spread around the Hollywood community. As a result, when stars come to 
town they most often call Dorian. Dorian's appreciation of architecture and 
preservation is not limited to his professional career. He received a restoration award 
for the renovation of his office at 2340 Dauphine Street. His residence in the "Bend of 
Bourbon Street" also has a lot of history behind it. Built in 1825, it has been home to 
the son of Louisiana's first Governor - Claiborne, and more recently, Clay Shaw of JFK 
conspiracy theory fame. It was also featured in the book House in the Bend of 
Bourbon, by Terry Fletrich. Civic activities play a prominent role in Dorian's life. 
Dorian is currently serving on the boards of the New Orleans Jazz and heritage 
Foundation, French Market Corporation, the Historic District Landmarks commission, 
and Family Service of Greater New Orleans. Previously, Dorian was on the Board of 
the Contemporary Arts Center, president of the Friends of Contemporary Art of the 
New Orleans Museum of Art, on the board of the New Orleans Opera, and the board 
of trustees on the New Orleans Museum of Art. 




119 | P a g e 




3. Prior Projects of the Main Development Entities, 

in Which There was Extensive Experience with Governmental Entities 




Listed below are governments with which our principal firms have dealt with in extensive collaboration on major 
projects. It should be noted that each firm's principals and staffs have had other extensive workings with 
governments before they joined their respective firms noted below. 



James H. Burch LLC 



Fairfax County, VA 
The City of Alexandria, VA 
Loudoun County, VA 
King George County, VA 
Prince George's County, MD 
- Charles County, MD 

The Government of the District of Columbia 
The Federal City Council, Washington, DC 
The U.S. Department of Transportation 
The Maryland State Government 
The Virginia State Government 
The United States Senate 
The Kingdom of Morocco 
The Government of Tunisia 



Floyd Wilson, former Chairman of the Prince George's County Council (MD) wrote: "If a 
[task] is guided by the efforts of Jim Burch, it is absolutely going to be done right, with an 
unparalleled creativity and marketability. Jim Burch never lets up; he never says die; he is a 
bulldog on accomplishing monumental tasks, but pleasantly. Even more important, he is a 
man of honesty, truthfulness and integrity ..." 

Clive DuVal, former State Senator and Chair of the Northern Virginia delegation, wrote: "In 
my judgment, you have great ability, plus a broad understanding of the many issues that 
are important ... You have developed real expertise in the political processes and the 
workings of government." 

Henry Howell, former Virginia Lieutenant Governor, wrote: "[you are] an outstanding 
individual with remarkable administrative abilities and insights. [You are] someone ready to 
work hard and who has integrity and sensitivity." 



120 | P a g e 



Wimberly Allison Tong & Goo Architects 



Hainan, China 


Springfield, Oregon 


Republic of Dagestan, 


Rovinj, Croatia - 


Russia 


Chaing Rai, Thailand - 


Haitang, China 


Limassol, Cyprus 


Bali, Indonesia 


Cairo, Egypt 


Ningbo, China 


Crete, Greece 


Guangdong, ChinaKuala 


Playa Pelicano, Costa Rica 


Lumpur, Malaysia 


North Coast, Egypt 


Antalya, Turkey 


Palm Desert, California 


Bodrum, Turkey 


Tokyo, Japan 


Qingyuan, China 


Bangalore, India 


Sanya, China 


Goa, India 


Qingshui Bay, China 


Honolulu, Hawaii 


Zhejiang Province, China 


Sanya, China 


Rio de Janeiro, Brazil - 


Dubai, United Arab 


Sentosa, Singapore 


Emirates 


Sochi, Russia 


Kuala, Terengganu, 


Boracay Island, 


Malaysia 


Philippines 


Anguilla, British West 


Anahita, Mauritius 


Indies - 


Ho Chi Minh City, 


Anaheim, California 


Vietnam 


Wolmar, Mauritius 


Penang, Malaysia 


Muscat, Oman 


Rabat, Morocco 


Qadimah, Saudi Arabia 


Devon, United Kingdom 


La Jolla, California 


Cairo, Egypt 


Hangzhou, China 


Port Gocek, Turkey 


Honolulu, Hawaii, USA 


Muscat, Oman 


Attica, Greece 


Tamuda Bay, Morocco 


Aphrodite Hills, Cyprus 


Kuala Lumpur, Malaysia 


Peloponnese, Greece - 


Tamarin, Mauritius - 


Kahuku, Oahu, Hawaii 


Crete, Greece - 


St. Charles, Missouri - 


Dead Sea, Jordan 


Westlake Village, 


Dubai, United Arab 


California 


Emirates 


Shanghai, China - 


Villingili Island, Maldives 


Highland, California 


- 


Atlantic City, New Jersey 


Newport Beach, 


Itoman city, Okinawa, 


California - 


Japan 


Ningbo, China 


Marina del Rey, 


Corfu, Greece 


California - 


Guangzhou, China - 


Chicago, Illinois 


Palm Beach, Florida - 


Yountville, California 


Huntington Beach, 


Palm Springs, California 


California 


Serengeti, Tanzania 



121 | P a g e 



Paradise Island, Bahamas 
Hollywood, California 
New Orleans, Louisiana 
Bend, Oregon 
- Windsor, UK - 
Las Vegas, Nevada 
Jimbaran, Bali, Indonesia 
Thessaloniki, Greece 
Carlsbad, California - 
Kang-Won-Do, South 



Rangali Island, Maldives 
Naples, Florida 
Belle Mare, Mauritius 
Jeju Island, South Korea 
Kauai, Hawaii 
Dublin, Ireland 
Nusa Dua, Bali, Indonesia 
Nayarit, Mexico 
Tianjin, China 
London, England 
Mexico, D.F., Mexico 
Athens, Greece 
Bora Bora, French 



Korea 

Kohan, South Korea 
Carefree, Arizona 
Los Cabos, Mexico 
Sun City, South Africa 



Polynesia 
Amman, Jordan 



Henderson, Nevada 
Dana Point, California 



Perez Architects 



Gretna, LA 

The City of New Orleans 

The City of Kenner 

The City and County of Denver, CO 

The U.S. Department of Transportation 

The U.S. Army Corps of Engineers 

Nottawaseppi Huron Band of the Potawatomi 

Ascension Parish Government, LA 

Jefferson Parish Government, LA 

Hancock County Government, MS 

Housing Authority of New Orleans 

The National Park Service 

The New Orleans Aviation Board 

The New Orleans Regional Planning Commission 

The Jefferson Parish Public School System 

The City of Montgomery, AL 



National Aeronautic and Space Administration 

The Port of New Orleans 

Ernest N. Morial Convention Center 

GNO Expressway Commission 

Louis Armstrong New Orleans International Airport 

Orleans Parish Sheriff's Office 

The City of New Orleans 



The McDonnel Group 



122 | P a g e 



Financial Capacity of Respondent 



123 | P a g e 



Our Offer to the City 



Our offer is for a 99 year lease from the New Orleans Building Corporation, in return for: 

A. Five Million Dollars ($5,000,000) paid to the New Orleans Building Corporation (or the city of New 
Orleans, as requested) in the following manner: 

1. At the signing of the Lease: $1,250,000 to the New Orleans Building Corporation for the year 
2013, assuming our lease with the city is signed in 2013; 

2. $1,250,000 on December 31, 2014; 

3. $1,250,000 on December 31, 2015; and 

4. $1,250,000 on December 31, 2016; and 

B. An annual lease payment to the city of New Orleans in the amount of One Million Five Hundred 
Thousand Dollars ($1,500,000), payable December 31, 2017, or within 30 days of receipt of the 
Certificate of Occupancy (CO) for the building, whichever comes last, and every year thereafter on 
that date; there will be a Consumer Price Index (CPI) adjustment to the base rent at the end of every 
fifth year, based on the date from the first lease payment. The amount of the CPI adjustment will be 
determined by the average of the CPI increase/decrease for the previous five years, but not to exceed 
ten percent (10%) increase per review period. 

Critics have long argued that special tax districts should not be a part of redeveloping the property. We do not ask 
for tax decreases. The Bureau of Governmental Research has noted in the past that a TIF ("Tax Increment 
Financing" District) was unfair to existing hotels, all of which have to pay the 13 percent tax, and claimed it would 
cannibalize guests from other hotels. We do not ask for a TIF. 

The history of this site is that private investors have bid too high in their effort to secure the development rights 
from the city. While this may have worked on the front end - resulting in won bids or contracts, it ultimately 
doomed, together with other factors, the long-term financial feasibility of the proposed developments. Our 
proposal gets it right - on the front end and on the back end. 

The uses envisioned herein will dramatically attract even more tourists to this central part of the city, bring them 
through the World Trade Center building to the more-enlivened waterfront. These proposals show the city, in 
narrative and in economic analysis, that our proposal will bring great economic income and increased tourism. 

One of the main reasons the former solutions for this site did not work was because the offers to the city made 
by earlier developers' proposals were unreasonable. They bid high to win the contract, but they later sunk the 



124 | P a g e 



project's ability to be financially feasible. Therefore our offer is a fair value, but is not be bloated to hope to 
outbid others on this sole criterion. What we provide the city is an array of uses that will not only be lucrative in 
their own, and thus produce significant income in and of itself for the city - more than other uses - but which will 
also generate significant additional tax and other revenue from more tourism, an entirely new type of tourism 
(international interests), a greater set of attractions, upped dividends from the greater use of currently 
underutilized properties. A one-time, up-front windfall payment to the city is much less helpful than is a later 
stream of significant new annual revenue. 

James H. Burch, LLC proposes to lease the World Trade Center building and property via a ninety- nine (99) 
year lease hereinafter ("Conveyance"). James H. Burch LLC proposes to enter into negotiations with respect to 
the lease with the New Orleans Building Corporation (NOBC). Terms and Conditions of the conveyance shall be 
agreed to in Lease Agreement with the City of New Orleans. Subsequent to entering into the lease, James H. 
Burch LLC looks forward to working with the City of New Orleans and expects to share risks and rewards in the 
creation of this brightest star in the future tourism of New Orleans. James H. Burch LLC will proceed expeditiously 
in the negotiations with NOBC, and in financing and developing the property, so as to place the property into 
commerce as soon as reasonably practicable and minimize the adverse impacts on public resources and on 
surrounding properties and neighborhoods. 



125 | P a g e 




Columbian ational 

H£d Estate Fmtmce, LLC 



James H. Burch LLC has selected ColumbiaNational Real Estate Finance, LLC to provide financing for the World 
Trade Center redevelopment, because of their history of success on projects such as this. ColumbiaNational has 
endorsed this proposal, contingent upon satisfactory negotiations with the city after James H. Burch LLC receiving 
the bid. ColumbiaNational is a full service, commercial mortgage banker, arranging permanent non-recourse 
mortgages as well as equity and/or mezzanine debt. 

ColumbiaNational was founded in 1939 by the late James W. Rouse, the pioneer behind The Rouse Company. 
Under his leadership, The Rouse Company was responsible for some of the largest and most innovative suburban 
development and urban redevelopment projects in the U.S. He introduced, or at least helped popularize, the term 
"urban renewal." In the 1950s, his fledgling company created the term and built the first indoor "mall." In the 
1960s, he was the first in the nation to focus on "planned communities," stressing a sense of community in which 
people came into contact with one another and developed relationships and neighborliness. His greatest 
achievement in this endeavor was the new city of Columbia, Maryland (home of ColumbiaNational). In the 1970s, 
Rouse took up "festival marketplaces," creating such urban legends as Faneuil Hall (Boston), South Street Seaport 
(NYC), Market East (Philadelphia), Harborplace (Baltimore), St. Louis Union Station, and, of course, Riverwalk 
Marketplace in New Orleans! Just as Jim Rouse was always innovative and ahead of his time in bringing 
communities into a future emblazoned with grace and values, so too does ColumbiaNational, in conjunction with 
James H. Burch LLC, bring this determination and creativity to New Orleans again at this World Trade Center site. 

What most people don't know is that Mr. Rouse was a mortgage banker before he was a developer. The 
commercial mortgage banking firm he started over 70 years ago has since become ColumbiaNational Real Estate 
Finance, and remains committed to the hallmarks of the Rouse philosophy: Integrity in all endeavors, exceptional 
service consistently delivered, and a client focused culture. With over 70 years of dedication to clients' complete 
success, capital sources consist primarily of long standing relationships, some dating back to the 1940's, including 
insurance companies, pension funds, Freddie Mac, HUD REITS, investment banks, commercial banks, closed end 
real estate funds, and private equity investors. ColumbiaNational services approximately $3.6 billion of its own loan 
originations. They are also a member of the Real Estate Finance Alliance ("REFA"), a national affiliation of 
independent commercial mortgage bankers. REFA members are companies like ColumbiaNational - leaders in 
major real estate markets across the country - who share information and experience, thereby enabling an even 
higher level of research and service. Only members of REFA, representing more than $25 billion in commercial 
mortgages serviced for lender clients nationwide, can tap this vast store of expertise to bring national perspective 
to local mortgage issues. 



126 | P a g e 



Columbia National 

Rrtil Estate Finance, LLC 



April 10, 2013 



Mr. James H. Burch 

Managing Partner 

James H. Burch LLC 

1 341 9 Cavalier Woods Drive 

Clifton, VA 20124 

C/O Peter Arey 



Re: RFP Proposal No. 4051-01414 -World Trade Center 
City of New Orleans 



Dear Peter: 

1 have reviewed your proposal for redevelopment of the above referenced World Trade Center site. We ran 
preliminary analysis based on your cost, revenue projections, and sources and uses. I believe that debt 
proceeds to construct and reposition the subject property at the levels you are requesting are available in 
today's construction financing market. 

Having successfully worked on large construction loans with you in the past, I look forward to the 
opportunity to assist you in bringing this proposal to fruition. 

Please keep me apprised of development plans and timing as you proceed through negotiations with the city 
of New Orleans and the New Orleans Building Corporation. Please let me know if there is any additional 
information we should be reviewing at this time and/or if you have any questions or comments we can 
address about our firm's capabilities or the debt financing markets in general. 



Best Regards, 




Scott H. Park 
Managing Director 



1 667 K Street. NW 
Suite 510 

Washington DC 20006 
202/872-0737 Office 
202/872-0920 Fax 




Columbia National 

Real Estate Finance, ZXC 



128 | P a g e 



has a long and proud history serving 
the commercial real estate industry. Since 1939 when visionary thinker — 
the late James W. Rouse — founded the company, Columbia National has lived 
up to Its originator's inimitable style by providing in-depth market knowledge, 
commitment to exceptional service, and national scope. 



In-Depth In a society where job mobilit) is often a way of life, the tenure of 
Market Columbia National'* Managing Dirwtois stands »m — on aveiage. 
Knowledge 'Jl years with the < ompany. The in-depth collective knowledge 

of our Managing Directors coupled with our unparalleled lending 
platform, uniquely qualifies us lo serve lenders and developers 
with superior efficacy. 



Exceptional 
Loan 

Administration 



Our loan administration group, located in Columbia, Maryland, 
maintains one of the largest and most efficient portfolios in the industry. 
Columbia National services S6 billion in commercial and multi-family 
mortgages. Within our portfolio we represent over 20 institutional 
inve stors such as insurance companies, pension funds and money 
renter banks. 



At Gokunbiai National, we oiler our clients a wide range ol capabilities 
including: Central Servicing Functions; Investor Accounting: Property 
Inspections: Portfolio Reviews: and Risk and Asset Management. 
Our loan administration platform utilizes McCracken Financial Software 
and other industry standard software packages. 



National 
Scope 



In the years since its founding. Columbia National has grown to 
become a preeminent commercial mortgage banker with an unmatched 

lending platform. Ai Columbia National, we: 

■ Originate and service commercial loans based on correspondent 
relationships with a large cadre ol life insurance companies and 
pension binds, 

■ Originate and service loans for both Freddie Mar and Fannie Mae. 

■ Arc an approved lender for HUD insured loans. 

■ Represent the most competitive and reliahle commercial real 
estate conduits lot Wall Street capital, 

■ Can arrange placements for: equity, mezzanine debt, participating 
debt ami joint-venture partnerships. 

Our lending platform has the breadth to enable us to find the beja 
source of capital for any commercial real estate loan request, regardless 
of size, type or geographic location. Our strengths, coupled with a 
long record of outstanding performance, provide clients with a robust 
selection of financial resources. 



3. Surety Company Approval 





Liberty 
P Mutual 



450 Plymouth Road, Suite 400 
Plymouth Meeting, PA, USA 19462 



Liberty Mutual Surety 



April 10.2013 

New Orleans Building Corporation 
Bureau of Purchasing 
Chief Procurement Officer 
1300 Perdido Street. Suite 4w07 
New Orleans, LA 70 1 1 2 

RE: The McDonnel Group, LLC 

Project — The World Trade Center 
RFPNo. 4051-01414 
365 Canal Street # 1 120 
New Orleans, LA 70 1 30 

To Whom It May Concern: 

Our client will be submitting a proposal for the above referenced project. Liberty Mutual Insurance Company is pleased 
to share our experience with The McDonnel Group. LLC. Liberty Mutual Insurance Company has been engaged in the 
surety program of The McDonnel Group. LLC since 2008. 

At the present time. Liberty Mutual Insurance Company provides a $200,000,000 aggregate surety program to The 
McDonnel Group, LLC. 

Should the captioned project be awarded to and accepted by The McDonnel Group, LLC we are prepared to provide 
the required bonds on their behalf. Our support is conditioned upon completion of the underwriting process, including 
Satisfactory review of contract documents, confirmation of financing and our ongoing review of the operational and 
financial capacity of The McDonnel Group, LLC. This letter is not an assumption of liabil ity and is issued only as a 
prequalifieation reference request from our client. 

We are pleased to share with you our favorable experience and high regard for The McDonnel Group. LLC. It should 
be understood that any arrangement for bonds is strictly a matter between The McDonnel Group, LLC and Liberty 
Mutual Insurance Company. 

Sincerely, 

LIBERTY MUTUAL INSURANCE COMPANY 



Kathleen L. Bemi, Attorney-in-Fact 
c/o Arthur J. Gallagher Risk Management Services, Inc. 
Ill Veterans Blvd., Suite 1130 
Metairie. LA 70005-3039 
(5041888-1 100 




130 | P a g e 



FINANCIAL FEASIBILITY OF THE PROJECT 



131 | P a g e 



As developers, we had a sense of the market when we first considered this site and development concept. As 
entrepreneurs, we are constantly following trends, watching other developers and looking for new niches to fill in 
the market. Based on this knowledge, we identify opportunities and create concepts for taking advantage of those 
opportunities. This initial idea made intuitive sense to us, but gut feelings are not a sound basis for investing multi 
millions of dollars in construction. 

This market analysis has been prepared using skilled and experienced professionals, incorporating detailed 
information about the market. The market analysis defines the market segments and differentiates the project, two 
tasks necessary to target customers. To keep the information pertinent, this study will be updated throughout the 
development process. 

This market analysis is very conservative, on purpose. Data has been checked and cross-referenced with our 
architectural, engineering and planning firms, and general contractor. We have worked on this Market Analysis with 
Gary Schnellbacher, of Schnellbacher Development Services, and who has much experience in both New Orleans 
market and in these specific areas of programmatic interest, resulting from his former position with PKF and 
his/their market studies. Please see the letter on the following page, as it shows the conclusions of his work with us 
on this market analysis throughout this process. 

According to Allison Plyer, Director and Chief Demographer, the Greater New Orleans Community Data Center, 
New Orleans is rebounding and, in some ways, performing better than before. New Orleans has weathered the 
recession relatively well. From October 2007 to October 2012, the New Orleans metro experienced a 0.6 percent 
increase in jobs while the nation lost 3.0 percent of all jobs. Entrepreneurship has spiked in the metro area post- 
Katrina with 427 of every 100,000 adults starting a business during 2008-10 compared to 333 of every 100,000 
adults nationally. 

According to the U.S. Census Bureau, New Orleans was the fastest growing large city in the country between 2010 

and 2011. The metro area, with 1,191,089 residents, has 90 percent of its 2000 population of 1,316,510. The New 
Orleans metro area is more diverse than in 2000 with a gain of 36,761 Hispanics and 4,552 additional Asian 
residents. The Latino population in the metro spiked 63 percent between 2000 and 2011 — a rate greater than the 
nation's 47 percent growth. In the city, the Census Bureau estimated 109,903 fewer African Americans in 2011 
compared to 2000, but also 16,524 fewer whites and 4,101 more Hispanics. Nonetheless, African Americans still 
represent the majority of the city's population at 59 percent, down from 67 percent in 2000. 



132 | P a g e 



SCHNELLBACHER DEVELOPMENT SERVICES, LLC 

1 62 1 SW Mulvane Street 
Topeka. Kansas 66675-0263 
785.224.4741 
GSCHNELLBACHER@HOTMAIL.COM 



April 10, 2013 

Mr. Jim Burch 

Managing Member 

James H. Burch 

13419 Cavalier Woods Drive 

Clifton, Virginia 20124 

RE: Letter of Interest 

Dear Mr. Burch; 

Thank you for contacting me about developing a financial feasibility study for your redevelopment project 
involving the World Trade Center in New Orleans, Louisiana. In this regard, I am attaching a preliminary 
engagement letter outlining the scope of work anticipated to be required to complete my analysis as a basis for 
discussion in the development of a finalized engagement letter. 

I understand you are still in the RFP stage of this project and intend to have numerous conversations with city 
officials to finalize the details of the City's offering, lease terms, construction permits and parking issues. In this 
regard, 1 can make myself available to attend any meeting you deem appropriate for my attendance. Additionally, I 
would appreciate be involved in the finalization of the project's various aspects to insure that I completely 
understanding the scope and magnitude of your development and will attempt to make myself available for all 
related meetings and conference calls. 

As we discussed on the phone, there are numerous issues that must be solidified before I would be able to 
complete such an analysis. As I understand our conversation, there will be seven aspects to your development; 
hotel rooms, residential apartments, multi-floors of office space, four floors of "Eyes on the World" consulates 
themed to participating nations and open to the public on a fee-paying basis as new tourism, three tiers of "World 
Plaza" retail space, open public space with entertainment and a parking garage. Each of these aspects will require a 
separate analysis before the applicable revenue and expense information can be blended into a feasibility study 
for the development. I will also require financial details related to the completion of the development; a copy of 
the master lease with the city, financing documents, applicable tax credit programs, any applicable real and 
persona] property tax estimates and other related documents, studies and agreements, and the finalized 
construction and renovation cost estimates. 

Based on the information you have forwarded to me thus far, I believe this project is an excellent fit for the 
redevelopment of the World Trade Center building and congratulate you for your vision and efforts. The proposed 
redevelopment project plans will enhance the look, feel and usability of the waterfront in the Spanish Plaza area, 
as well as, provide significant additional income to the city government. 

I am excited by the opportunity to be of service in the matter and look forward to working with you on this exciting 
project. 

Best regards, 

Schnellbacher Development Services, LLC 




Principal 



133 | P a g e 



MARKET ANALYSIS for A LUXURY HOTEL 



PROJECTED RATES 

These were the some of the available discount rates per night found at certain upscale New Orleans hotels, for 
March 26, 2013; they were found online at Hotels.com: 



Omni Royal Crescent 


$159 


Marriott Convention Center 


$159 


Loew's New Orleans 


$179 


JW Marriott 


$229 


Bluegreen Club La Pension 


$189 


W New Orleans 


$149 


Marriott - New Orleans 


$169 


Hyatt French Quarter 


$169 


Roosevelt / Waldorf Astoria 


$199 


Hyatt Regency 


$246 


Hilton Riverside 


$169 


W French Quarter 


$215 


Westin Canal Place 


$169 


Holiday Inn French Quarter 


$173 


Crown Plaza French Quarter 


$159 


Harrahs 


$344 


Omni Royal Orleans 


$199 


Intercontinental 


$164 


Ritz-Carlton 


$249 


Enaissance Pere Marquette 


$189 


Bourbon Orleans 


$289 


Melrose Mansion 


$415 


Hyatt Convention Center 


$134 


Frenchmen Orleans at 519 


$239 



In April, the average daily rate at New Orleans area hotels was $154, said the Times-Picayune, the highest it has 
been since February 2002, when hotels commanded $159.40 from guests, according to a report by Smith Travel 
Research. The average rate for the first four months of 2012, the last period for which data is available, was 
$148.61, a 12.6 percent improvement on the first four months of 2011. New Orleans produced the greatest percent 
change in average daily rate from April 2011 to April 2012 compared with other cities in the top 25 hotel markets. 

Luxury Hotels average $262 per night. We will assume a conservative seasoned rate of $225, with a first year rate 
of $175, a second year rate of $185, a third year rate of $195, a fourth year rate of $215, and a fifth year rate of 
$225 for our luxury hotel room rate. 




n ' > 1 1 > 1 ■ » 1 ■ ■ 1 ■ ' 1 ■ ' 1 ■ 

itat tin rm n w h m Mot xa: jocj xu sou sou soue hh sou xa> ma sum w.r 



New Orleans average daily room rate, revenue since 1993 The Times-Picayune 



134 | P a g e 



PROJECTED OCCUPANCY 



On June 3, 2012, Jaquetta White reported in The Times-Picayune that hotel occupancy rates in the New Orleans 
area are higher than they've been in more than a decade. Tod Chambers, general manager of The Roosevelt Hotel 
and president of the Greater New Orleans Hotel & Lodging Association said "A lot of good things have happened 
for us to be able to drive rates and (revenue) here in the city." 



NEW ORLEANS ES TOP HOTEL MARKET 

Rankings based on average daily rate increase from. 201 1 to 2012 








AVERAGE BAIL? RATE 




Rank 


City 


April 2011 


April 2012 


Percent change 


% 


New Orleans 


$137-83 


$154.00 


^^^m 11.6 




San Fransisco 


$137.01 


$152.44 


11.3 


a. 


Chicago 


$108.87 


$119.96 


10.1 


4. 


Boston 


$143.99 


$163,43 


i^H 9.7 


6, 


Philadelphia 


$113-79 


$t?4.?1 


mmm a? 


6. 


Denver 


$93,37 


$100.79 


8.0 


7- 


New York 


$236.05 


$253.90 


m i.i 


8. 


Los Angeles 


$119,88 


$128.23 


7,0 


9. 


Oanu island 


$162.42 


$173.83 


7.0 


10. 


St. Louis 


$82.81 


$S&43 


68 


Source: Smith Tr ant Pesswcri 




RYAN SWIM /THE TIMES-TOAYUNE 



HVS (Hotel Valuation Services) noted in a January 31, 2012 report by Adam R. Lair, entitled "Hotel Market 
Intelligence Report: New Orleans" the following: 

Nearly 200 of the city's hotels were closed following Hurricane Katrina. The New Orleans economy mounted a 
modest recovery over the next few years, but was crushed again with another one/two punch, first the national 
recession in 2008/09, then by the Deepwater Horizon oil spill in 2010. Now the hotels of the city are on a rise and 
flourishing. While the Deepwater Horizon oil spill hurt tourism, local hoteliers report that the cleanup efforts 
actually boosted performance in 2010 and aided in the market's recovery from the recession. Furthermore, 
performance remained strong in 2011, after the cleanup crews had gone. Occupancy in the market has now 
reached levels seen prior to Katrina, and— for the first time since 2004— RevPAR growth is again being driven by a 
powerful rise in average rates. This is a promising sign of performance growth for New Orleans hotels and has 
opened the door to new builds and redevelopments. 



135 | P a g e 



Most of the hotels in the city have gone through significant renovations. Late 2011, more than two dozen New 
Orleans area hotels were undergoing, had recently completed or were about to begin renovations. 

Not only are rates higher citywide, but so is RevPar, or revenue per available room, a key lodging benchmark. In 
April 2012, RevPar at New Orleans area hotels was $115.33, the highest it had been since February 2009, when 
hotels recorded $119.18 in revenue from each room booked, according to a Smith Travel Research. RevPar in the 
first four months of 2012, was $105.11, up 14.8 percent from the first four months of 2011. 



New Orleans Tourism Statistics 










Total Wuioi 




Yur 


Number of Visitor: * 


dung." 




Sparteine* 


Changst 


2003 


10,100,000 






$. 3,500,000,000 




20O4 


4500,000 


(15.3) % 




4,500,000,000 


&9 % 


20O5(N) 


5,300,000 


(37J6) 


tw 


2,600,000,000 


(24,0) 


2006 


3,700,000 


(30,2} 


{34,0)94 


2,800,000,000 




2007 


7,100,000 


91.9 


(5.8) 


4,800,000,000 


1.6 


2008 


7,600,000 


7J0 


(23) 


5,100,000,000 


2,S 


2009 


7,500,000 


{1.3) 


(2-5) 


4,20Oj0O0,00O 


{1.1) 


2010 


3,300,000 


10.7 


(0-*) 


5,300,000,000 


2-4 



Yeor-to-date through June 

2010 4,455,000 

2011 4,800,000 7.7 % 



(Hi HepreuiMS Jin. - Jun. liputi due 10 Humcme 
■Sounded 

■-flimujl iwntjJH e ch» nee 1'njntthe WtVKfJiltsr 

'"Artftual average tarrtuounded percent* je dung* 1 rrorn 2001 ( pre- Kain nil 

tamnuUvff Jgf coniDOunfltd ptrwitjge (Jungf Ire-mill* fint yf*r si am 

Sourte: New Orleans Co-Aversion £ Vii ran Bureau 



HVS reports that Meeting and group demand continues to support local hotels. The Ernest N. Morial Convention 
Center underwent a $60-million renovation following Katrina and has exceeded pre-Katrina booking levels each 
year since 2007. The convention center is now the sixth-largest in the nation with 1.1 million square feet of 
contiguous space. In December of 2011, construction began on a $50-million renovation project that reconfigured 
the convention center's Hall A into an 86,000-square-foot function space, renamed the "Great Hall." 

New Orleans hotel transactions exceeded pre-Katrina levels in 2009, 2010, and 2011. Rooms sold in 2011 grew 
above 1,000 for the first time in three years— doubling the number of rooms sold in 2010— and the average price 
per room, at $101,380, hit its highest point since 2005. The HVS study notes that "Current supply in the market 
stands at approximately 37,000 rooms, some 1,700 rooms shy of the pre-Katrina peak in supply." 

Renovations and hotel re-openings include the Sheraton, Marriott, Hilton Riverside, Ritz-Carlton, Intercontinental, 
and Loews. The Hyatt Regency, closed since Katrina, reopened October 2011 following a $275-million renovation 
that overhauled its 1193 rooms and added a 50,000-square-foot exhibition hall for in-house co2nventions; the hotel 
sits squarely in the city's Sports & Entertainment District, which includes the Superdome and the $13.5-million 
Champions Square. 



136 | P a g e 



Several new boutique hotels have also entered the market. The 166-room Saint Hotel opened in December of 2011 
on Canal Street, the result of a $39-million renovation of the former Audubon Building. The Hotel Modern opened 
the same month, following a renovation of the former Hotel Le Cirque at an estimated $50,000 per room. 

HVS Study Conclusion: "The HVS 2011 U.S. Hotel Valuation Index forecasts significant growth in New Orleans' hotel 
values through 2015, which would be a welcome change from the wavering real estate values since Katrina hit in 
2005. Funds from the private and public sectors have been hard at work bringing the city's economy and hotel 
industry back from the brink over the past six years, and recent employment, visitation, occupancy, and average 
rate statistics bear signs that this work has not been in vain. Given a hoist from the recovering national economy, 
hopes are high that New Orleans' commercial, tourism, convention, and hotel segments will remain on the ascent." 



ASSUMPTIONS FOR OUR LUXURY HOTEL 

RATES: As previously stated, we will assume a conservative seasoned rate of $225, with a first year rate of $175, a 
second year rate of $185, a third year rate of $195, a fourth year rate of $215, and a fifth year rate of $225 for our 

luxury hotel room rate. 

OCCUPANCY: Based on the facts noted above and on the assumption of both compelling marketing for the hotel 
and much free publicity deriving from the noteworthiness of this grand development, we will assume a 5 year 
buildup period for the hotel, with first year occupancy at 45%, second year occupancy at 55%, 
third year occupancy at 65%, fourth year occupancy at 70%, and subsequent years' 
occupancy at 75%. 

This, then, based on these assumptions, will produce income as shown on the following chart: 



PRELIMINARY INCOME PROJECTIONS 
LUXURY HOTEL AT WORLD TRADE CENTER 



year 


# 

rooms 


rate 


occupancy 


daily gross 


annual gross 


1 


550 


$175 


45% 


$ 54,725 


$ 15,809,063 


2 


550 


$185 


55% 


$ 74,250 


$20,426,313 


3 


550 


$195 


65% 


$ 92,400 


$ 25,445,063 


4 


550 


$215 


70% 


$103,125 


$30,212,875 


established 


550 


$225 


75% 


$103,125 


$ 33,876,563 



137 | P a g e 



COST ASSUMPTIONS 



The U.S. hotel industry achieved a net income of approximately $33 billion, or 21.4% of total 
revenues, during 2011— a healthy increase of 15.7% over 2010 levels, according to STR through its 
Hotel Operating Statistics, or HOST, program. 



Hotel class makes a difference for profit levels 

Profitability increases during 2011 ranged from 9.3% to 41.5% among the classes. This range can be 
explained by evaluating the performance of the individual classes. The chart below visually depicts 
each class' 2011 profitability (net income as a percent of total revenues) and percent change from the 
previous year. The total U.S. profitability and percent change creates a benchmark. 



H&il Ftoflrtrty E3%CDoi^» ■ To»U J 2011 ProfflobUy To*l U.S.%Oiwg» 

413% 



11 




27.1* 



2Q7-. 



S3 . 



IS.7% 

!a * I 12//: 



Economy Mkhcdt Uppw M*c!i» Upk<K Upc«r Upsc si* Lwury 



Based on an HV5 study for 2012, for luxury hotel rooms, less partial building & site improvements, 
less partial soft costs, and less pre-opening capital, the general contractor has estimated a 
building/furnishing cost of $125,000 per room, or $68,750,000. 



138 | P a g e 



MARKET ANALYSIS for RESIDENTIAL RENTALS 



In March 2011, Dr. Ivan Miestchovich, University of New Orleans, Institute for Economic Development and Real 
Estate Research, together with GCR & Associates, Inc, Rebecca Rothenberg, Principal Investigator, and Rafe 
Rabalais, Senior Planner, and Richard Poche, GIS Specialist, (hereinafter, "Miestchovich/GCR") produced a report 
entitled, New Orleans Market Assessment - A Comprehensive Analysis of Demand and Supply Dynamics, for the 
Disaster Recovery Unit in Baton Rouge. Because this report is public property and because it lays out much of the 
economic groundwork of a market analysis for this project, it is quoted here below, that which is indented below. 



TARGETED NICHE MARKETS ARE NECESSARY TO ACHIEVE SUCCESS 

"So far, the market has added enough renters to maintain an occupancy rate above 85%, and recent surveys 
conducted for this project and third party sources show that occupancy rates have increased over the past year, 
now falling between 88% and 90%. A 93% to 94% average occupancy level typically reflects a more balanced market 
and is a condition that is achievable within the New Orleans rental market over the next few years under normal 
growth assumptions for the local and regional economy. Rising occupancy rates and absorption of vacant inventory 
will also be helped by the relatively low volumes of new units expected to enter the supply pipeline. In short, the 
market is signaling caution as we move forward over the next two to three years. This does not mean that the 
addition of new inventory is not warranted but that its entry should be targeted to fill very specific niches- 
niches potentially defined by geographical location or price point. The fact that some rental units are performing 
better than others suggests that these factors should be examined as part of the due diligence process and that 
rental demand within the region is not uniform." (page 7) 

"Rents and occupancy rates are highest in the CBD/French Quarter, and are stable in Mid-City, Metairie and the 
west bank of Jefferson Parish. ... There has been a greater level of activity and 

investment within the core of New Orleans driven significantly by the massive public investment focused on 
post-storm rebuilding and redevelopment. This has fueled demand for the area as a primary nucleus of economic 
activity and commerce for the region." (page 8) 

"Current estimates provided by Nielsen Claritas forecast that 10,000 new renter households will 
be added to the region over the next five years, a 1.6% annual growth rate. Under this growth scenario, there will 
still be an excess of rental housing but at much healthier occupancy rates above 90%. These estimates are modest, 
not taking into account two future economic drivers for the region - the biomedical district expansion in downtown 
New Orleans and the redevelopment of the Marine Corps Reserve headquarters (Federal City) in Algiers. These two 
initiatives are investing more than $3 billion in construction, and according to economic impact analyses 
commissioned by the BioDistrict and Federal City, should create 12,000 direct jobs and 30,000 jobs overall when 
both projects have reached maturity." (page 8) 



139 | P a g e 



OCCUPANCY RATES GOING UP 

"Even with these additions to inventory, the steady return and growth of population and households in the city has 
helped to drive demand for rental apartments. The result has been an increase in average apartment occupancy to 
85.3% at year end 2008 followed by a rise to 86.7% in 2009 and 87.2% at the end of 2010. And, considering the 
sharp reduction in new construction in the pipeline, parish wide apartment occupancy rates are likely to continue 
edging up through 2011 and into 2012. ... The strongest performing sectors are the Uptown, Mid-City and 
Warehouse District areas, and as evidenced by our field surveys of small rental properties, the southern portion of 
the Bywater planning district. Each of these have reported average occupancy rates at or above 92% and have 
shown consistent improvement since 2008 when the market was confronted with the need to absorb a wave of 
new inventory additions which continued through much of 2009. These sectors share one significant common trait, 
namely access to cores of economic activity and employment opportunities. This includes the CBD, the 
redeveloping medical center and the Uptown (St. Charles Avenue/Magazine Street) corridor. These are all well 
served by public transit thus making them readily accessible to apartment residents living in these sectors of the 
market." (page 34) 

"Under current conditions, it is unlikely that there will be a shortage of rental housing in the New Orleans area over 
the next five years. Therefore, developers cannot rely on demand alone to determine their success but must also 
factor in their project's particular attributes related to location, features and target markets ... The French Quarter, 
Garden District, Uptown, Lakeview and English Turn Planning Districts are the highest priced markets both for 
homeownership and rental units. What is perhaps more interesting is the change that has occurred in the markets 
since Hurricane Katrina. The best measure for this would be a comparison of homes categorized by the selling 
agents as "in excellent condition," meaning newly remodeled and updated with all systems in working order. This 
measure is preferred over the complete pool of listed homes due to the glut of homes in poor or below average 
condition that entered the market after 2005, skewing the results. These data show that the French Quarter, CBD 
and Bywater all increased in value by 30% to 40% ..." (page 96) 



140 | P a g e 



QUALITY OF LIFE INDICATORS NECESSARY TO ACHIEVE HIGHER RATES AND OCCUPANCY 

"... as would be expected, the French Quarter and CBD have the greatest concentration of employees, retail 
opportunities, restaurants and retail earnings. A key indicator for quality of life is one's ability to live in close 
proximity to job opportunities. Based on the data, the majority of jobs in New Orleans are concentrated in the 
French Quarter/CBD followed by Mid-City and Uptown." (page 98-99) 



Quality of Life Indicators in the French Quarter/CBD at end of 2010: 

% of Pre-Katrina Commercial Properties Currently Active 87.7% 

Total retail establishments, restaurants, and grocery stores 930 

Earnings - retail establishments, restaurants and grocery stores $1,041,089,000 

Employees 77,670 



"Growth rates and thus housing demand are ultimately driven by an expanding economic base that 
provides new jobs, fuels increases in household income and attracts greater private investment ... post-storm 
investments in facilities such as the Biolnnovation Center and the Louisiana Cancer Research Center will provide a 
strategic nucleus for the redeveloping Biomedical District that will be anchored by a new LSU/VA medical center 
complex." (page 104) 



NEW, HIGHER-PAYING JOBS BRING INCREASED DEMAND FOR LUXURY RESIDENCES 

"The current projections estimate an additional 17,180 jobs over the next ten years, with substantial gains in 
white collar and service industry jobs counterbalanced with significant job loss in blue collar industries. According 
to these projections, the New Orleans RLMA is slated to gain an additional 28,600 jobs in health care, professional 
services, education and tourism industries while losing roughly 10,500 jobs in manufacturing, construction, oil 
and gas and transportation." (page 105) 

"The biomedical district in downtown New Orleans is slated for significant investment within 
its hospitals and research facilities. More than $2 billion has been committed or is currently going 
towards construction of a new LSU teaching hospital, VA Hospital, the Louisiana Cancer Research 
Center and an incubator for biomedical research and development (the Biolnnovation Center). A 

recent economic impact analysis conducted by Dr. James Richardson of LSU provides conservative 
estimates of 9,800 direct job growth and an overall job growth of 22,000 attributable to the 
Biomedical District. The Biolnnovation Center and the Louisiana Cancer Research Center are both 
scheduled to begin operations in 2011 and the two hospitals are scheduled to open in 2014 ... Although we 
currently do not know what the full impact will be from these two initiatives, it is 
reasonable to assume that the New Orleans area has the potential to exceed the current growth 
projection of 1.3%. For the high growth scenario, we assume an annual growth rate of 3% for New 
Orleans and St. Tammany parishes and a 1% growth rate for Jefferson Parish. The success of these 



141 | P a g e 



two initiatives will ultimately be based on private investment and corporate relocations, which have more to do 

with the national economy and the quality of life in New Orleans than the value of 

construction. With that said, the high growth scenario example illustrates how minor changes in 

population growth will determine whether or not there will be a surplus or shortfall of rental 

housing. Using these modestly higher growth rates, and under current projections for construction 

activity and development, the metropolitan area would have a potential shortfall of 5,401 rental 

units by the end of 2015." (page 109) 



DEMAND AND SUPPLY 

The Miestchovich /RGA study also states that the distribution of Family Types by the year 2015 will be over one-half 
"Non-Family Elderly" (a household of one or more unrelated persons in which head of household is 62 years of age 
or older) or "Non-Family Non-Elderly" (a household with one or more unrelated persons in which head of 
household is not 62 years of age of older), in a moderate growth scenario. In a strong growth scenario, which is 
what they anticipate, the percentage of Non-Family Elderly and Non-Family Non-Elderly would be nearly 60% of 
the potential rental pool. That is exactly the target market for the luxury rental units at the World Trade Center. 
They then state: "Under a somewhat more aggressive scenario— one that hinges on stronger economic and 
population growth— the region would have an apartment deficit of approximately 5,400 units in 2015. If key 
potential economic drivers in the region truly take hold— such as the biomedical industry, the film industry, and the 
Federal City complex— the region could more closely mimic the growth patterns experienced by other southern 
cities over the past twenty years, thereby producing a stronger rental market than even the high growth scenario 
within this report." 



ASSUMPTIONS FOR RESIDENTIAL UNITS AT CENTER FOR THE AMERICAS 

According to Wade R. Ragas, PhD, MAI, SRA, of Real Property Associates, Inc., where the World Trade Center luxury 
residential rental units will be, in the Historic Center of New Orleans, the average unit was 855 square feet in 2011 
($1.41 per square foot), and the occupancy there was 97%. 

According to RentOMeter.com, an Internet site which compares rental rates in neighborhoods all across the 
country, there are presently 41 two bedroom rental apartments, as of March 20, 2013, within .3 mile of our site, 
and the average rent for those two bedroom rental units is $1,925 per month. The average of the top 20% of 
those units is $2,695, and the average of the top 10% of those units is $3,025. The average rate would be higher if 
units in the Central Business District, which are less expensive than in the French Quarter where they are 
considerably higher, were not factored in. For our two bedroom rental units, we will assume an opening rental 
rate of $2,300 for year 1, and a rental rate of $2,650 for subsequent years . 

According to RentOMeter.com, an Internet site which compares rental rates in neighborhoods all across the 
country, there are presently 57 one bedroom rental apartments, as of March 20, 2013, within .3 mile of our site, 
and the average rent for those one bedroom rental units is $1,560 per month. The average of the top 20% of 
those units is $2,665, and the average of the top 10% of those units is $2,500. The average rate would be higher if 
units in the Central Business District, which are less expensive than in the French Quarter where they are 



142 | P a g e 



considerably higher, were not factored in. For our one bedroom rental units, we will assume an opening rental 
rate of $2,000 for year 1, and a rental rate of $2,250 for subsequent years. 

We further estimate one bedroom, one bath rental units to be comprised of 1,000 square feet, and to cost $200 per 
square foot to build out, or $200,000 per 1 BR/1BA unit cost. We estimate two bedroom, two bath units to be 
comprised of 1,200 square feet, and to cost $200 per square foot to build out, or $240,000 per 2BR/2BA unit cost. 

There will be 42 1BR/1BA units, for a total cost of $8,400,000 construction costs. There will be 46 2BR/2BA units, 
for a total cost of $5,520,000 construction costs. Total construction cost for all units will be $13,920,000. 



CONCLUSION 

As mentioned previously, the most important factor in our analysis of sales potential for the luxury residential units 
at World Trade Center is the result of the run of new development since Hurricane Katrina, biomedical research and 
medical care facilities are poised to be pistons of the city's economic engine. Four new projects are located in the 
city's Biomedical Corridor, adjacent to the CBD. Louisiana State University's new University Medical Center (UMC) 
broke ground in April of 2011. The $l-billion center will include a 424-bed teaching hospital and is scheduled for 
completion in 2015. A new VA hospital— the country's first in 20 years— is expected to include 200 beds and bring 
17,000 new jobs to New Orleans when completed in 2014. Work on the Louisiana Cancer Research Center is also 
underway, with an expected opening date later this year. Finally, the $46-million, LEED Gold-certified New Orleans 
Bioinnovation Center, which opened in September of 2011, offers state-of-the-art laboratory, office, and 
conference facilities that help put New Orleans on the cutting edge of biomedical research; the center is anticipated 
to bring some 10,000 jobs to the city. 

Most of these highly-paid medical professionals will be coming from out of town - to jobs new to New Orleans, not 
jobs moving from another location - and so those new residents will be looking for upscale housing. The above 
data shows that many, perhaps as many as a half, will be looking for rentals. Moreover, as the data shows, most 
current wealthier residents, as well as newcomers to New Orleans, prefer to live in or near the French Quarter, 
where the housing market is quite expensive and quite limited. There will be significant demand for our units. 



PRELIMINARY INCOME PROJECTIONS 

LUXURY RESIDENTIAL RENTALS - WORLD TRADE CENTER 



year 


# units 


price/mo. 


% rented/cum 1. 


# rented/cuml. 


rental income/ 
income/yr 


1 


42 1BR 


$2,000 


0% 










46 2BR 


$2,300 












42 1BR 


$2,250 


0% 










46 2BR 


$2,650 










3 


42 1BR 


$2,250 


60% 





$ 680,400 




46 2BR 


$2,650 







$ 877,680 


4 


42 1BR 


$2,250 


80% 





$ 907,200 




46 2BR 


$2,650 







$1,170,240 


5 


42 1 BR 


$2,250 


90% 





$1,077,300 




46 2BR 


$2,650 







$1,389,660 



143 | P a g e 



MARKET ANALYSIS for RETAIL / RESTAURANTS / LOUNGES / BARS 



■ 



Tourism in New Orleans 

Tourism generates $6 billion for New Orleans' economy (ref: The New Orleans Metropolitan Convention & 
Visitors Bureau and the New Orleans' Hospitality Research Center) 

Tourism employs 70,000 people economy (ref: The New Orleans Metropolitan Convention & Visitors Bureau) 
Tourism produces more tax revenues for the city than any other business sector: $250-300 million/yr. 
economy (ref: The New Orleans Metropolitan Convention & Visitors Bureau) 

The visitor experience today is better than it was prior to Katrina with 300 more restaurants than 2005, new 
cultural attractions, $400 million of improvements into local hotels, $250 million of improvements into the 
Louisiana Superdome and $92.7 million of improvements into the Morial Convention Center. 
The number of annual visitors was 9 million in 2012, up from 3.7 million in 2006. "Reaching a milestone of nine 
million visitors in 2012 during a tough national economy reinforces that tourism does not just happen on its 
own, it takes aggressive, cutting-edge sales and marketing strategies," said Stephen Perry, President and CEO of 
the New Orleans CVB. "The CVB and our partners work together every day to drive New Orleans' $5 billion 
tourism industry that employs 75,000 people from every local neighborhood and fuels our state and local 
economy." 

In January 2010, New Orleans hospitality leaders announced a strategic unified master plan for the tourism 
industry. The goal of the plan is to attract 13.7 million annual visitors by the city's 300th anniversary in 2018. If 
New Orleans meets the master plan goals, the cumulative benefits through 2018 will be dramatic: $11 billion in 
direct spending, 33,000 additional jobs with an average salary of $33,000 a year and $700 million in tax 
revenue. Mayor Mitch Landrieu said, "The continued growth of both visitor numbers and spending is a reflec- 
tion of the hard work of our hospitality industry. I feel confident that we will continue the upward trajectory as 
we work toward the goal of welcoming 13 million visitors by 2018." 

It was TRAVEL + LEISURE magazine's Destination of the Year in 2009. In its December 2012 edition, 
TRAVEL+LEISURE magazine tallied 40,000 votes from its readers (travelers all), ranking 25 cities in dozens of 
categories. The top ranking city in the USA was New Orleans. It was also voted best in three out of four of its 
top four individual categories: Singles Scene, Happy Hour, and Music Scene. 
There are currently 35,550 hotel rooms in New Orleans. 
There are currently 1,105 restaurants in New Orleans. 

New Orleans's tourism economic output now stands at No. 3 in the nation, behind only Las Vegas and Miami 
(ref: MarketWatch in the Wall Street Journal, December 13, 2011) 



144 | P a g e 



Comparing key indicators in 2012 to 2011, the 2012 New Orleans Area Visitor Profile report found: 

• Lodging spending increased by 17% 

• Restaurant spending increased by nine percent 

• Spending in bars and nightclubs jumped by 10.4 percent 

• Entertainment/recreation increased by nine percent 

• 76.1 percent of visitors surveyed were in New Orleans for vacation/pleasure 

• 13.8 percent of visitors surveyed were in New Orleans for association, convention, tradeshow or corporate 
meetings 

• 10.1 percent of visitors surveyed were in town for general business 

• 58 percent of business travelers extended their stay for pleasure for an average of 2.1 nights 

Cruise visitors comprised about 1.7 percent of the total number of visitor responses, and they stayed an aver- 
age of two nights in New Orleans before or after their cruise 

• The proportion of visitors with income of $150,000 or more rose to 17.2 percent; 22.3 percent have a house- 
hold income of over $100,000 

• 41.1 percent of New Orleans visitors were in town for the first time; 58.9 percent were repeat visitors 

• Overnight visitation from top feeder markets outside of Louisiana were: Texas, California, Florida and New York 

• Visitors age 50-64 made up the largest demographic for 2012 visitors (37.7 percent), followed by 35-49 (29.7 
percent), 25-34 (16.9 percent), 65 and older (11.0 percent) and 18-24 (4.7 percent) 

• Overnight visitor stays in New Orleans remained the same between 2011 and 2012 at an average of 4.2 nights 

• The proportion of overnight visitors staying in a hotel has increased over the past three years, reaching 61.3 
percent 

• Average party size was 2.9 people 

• The majority of visitors who stayed in a hotel made reservations through the hotel website (27.5 percent), or a 
travel website (22 percent). Twelve percent of visitors called their hotel directly, while eight percent used asso- 
ciation housing during their stay in New Orleans. 

• The majority of New Orleans area visitors surveyed arrived in their personal vehicle (48.9 percent) or by air- 
plane (46.3 percent) 



145 | P a g e 



Retail rates currently asked for in this geographic area: 




Retail Space for Lease 
New Orleans, Louisiana 

Revere Residences is a historic 120 year old building newly 
renovated into a 6 unit upscale apartment/condo 
developement that features a fantastic... 

No. Spaces: 1 
Rental Rate: $30.00 
Space Available: 2,065 sf 
Bldg. Size: 11,280 sf 




Retail Space for Lease 
New Orleans, Louisiana 

Former Smoothie King/PJs Coffee Retail Space on Elk 
Place near Canal St at Tulane Medical/Deming Hall Building 

No. Spaces:1 
Rental Rate: $20.00 
Space Available: 1,800 sf 
Bldg. Size: 300,000 sf 




Retail Space for Lease 
New Orleans, Louisiana 

This is an excellent fully operating building in a prime 
location. Zoning: VCE-1, Vieux Carre Entertainment District. 
Permitted uses include:... 

No. Spaces: 2 

Rental Rate: $15.00 - $20.00 
Space Available: 6,000 - 12,000 sf 
Bldg. Size: 18,555 sf 




Retail Space for Lease 
New Orleans, Louisiana 

For 94 years, 1201 Canal Street was home to the Krauss 
Department Store, once the largest department store in the 
South. Krauss opened for... 

No. Spaces: 1 

Rental Rate: $20.00 

Space Available: 5,000 sf - 20,000 sf 

Bldg. Size: 20,000 sr 









Retail Space for Lease 
New Orleans, Louisiana 

Excellent Downtown/ French Quarter spots on St. Charles 



Avenue. Located on one of the busiest streetcar spots for 
tourists in New Orleans 

No. Spaces: 1 
Rental Rate: $35,00 
Space Available: 560 sf 
Bldg. Size: 560 sf 




Retail Space for Lease 
New Orleans, Louisiana 

Approx. 3,968 sf on groundfloor. " Located between 
Carondelet and Baronne Sts. downtown. 

No. Spaces: 1 
Rental Rate: $30.00 
Space Available: 3,968 sr 
Bldg. Size: 3,968 sf 



146 | P a g e 



Retail Space for Lease 
New Orleans, Louisiana 

Be a part of the rebirth of the theater District in a one-of-a- 
kind historic building we all know, 1111 Tulane Avenue. 
Prime restaurant or retail... 

No. Spaces: 2 

Rental Rate: $25.00 

Space Available: 1,500-4,245 sf 

Bldg. Size: 200,000 sf 




Retail Space for Lease 
New Orleans, Louisiana 

This historic property was recently converted into 108 luxury 

rental units, a 230 vehicle valet park garage and 10,000+ 

s.f. of street level... 

Status: 

No. Spaces: 4 

Rental Rate: $25.00 

Space Available: 300-6,316 sf 

Bldg. Size: 353,000 sf 




Retail Space for Lease 
New Orleans, Louisiana 

Ground floor of the building measures 2,346 square feet and 
it is currently vacant and immediately available for 
occupancy. Space can be leased... 

Rental Rate: $19.07 

Space Available: 300-2,436 sf 



Retail Space for Lease 
New Orleans, Louisiana 

Two historic downtown/CBD buildings at 127-131 
Carondelet Street are being redeveloped into a multi-family 
building with approximately 4,500 sf of... 

No. Spaces: 1 

Rental Rate: $24.00 

Space Available: 1,400 - 4,500 sf 

Bldg. Size: 4,500 sf 




Retail Space for Lease 
New Orleans, Louisiana 

This space is perfect for retailers looking for a Magazine 
Street address for their business. The demographics 
surrounding this property are among... 

No. Spaces: 1 
Rental Rate: $20.50 
Space Available: 1,748 sf 
Bldg. Size: 6,236 sf 




Retail Space for Lease 
New Orleans, Louisiana 

French Quarter Building Available for Lease- Live and Work 
in the Quarter 321 Chartres is centrally located in the heart 
of the French Quarter... 

No. Spaces: 1 

Rental Rate: $18.00 

Space Available: 2,000 - 8,000 sf 

Bldg. Size: 8,000 sf 



147 | P a g e 



CONCLUSIONS for World Trade Center' 100,000 sq. ft. of WORLD PLAZA LEVELS RETAIL 
~ approximately 75,000 sq. ft. net rentable area ~ 

Based on the same economic trends in the market analysis, and based on the rental rates in the above properties, 
which do not begin to compare with the traffic that will be generated in the World Plaza, and based on knowledge 
of other retail in other cities (including the reputed and surprising new rates of approximately $300 per square foot 
to be charged by Howard Hughes Company for tenants at Southstreet Seaport in New York City, as reported by the 
New York Post ... admittedly very far away and in another world ... but interesting: people will pay what is asked IF 
they get a good return) - we estimate a fair initial rental rate of $35 sq. ft. at the World Plaza, which will be 
seamlessly connected to the Spanish Plaza. 

Spanish Plaza itself- the current city-owned plaza and the city-leased restaurants there - should continue to be 
reserved for only the existing corporate retail operations. The other activities at the Spanish Plaza should be: 

• Each evening free New Orleans Jazz Concert 

• Entertainers, licensed by the city, who will pay no fee, but who must show uniqueness of entertainment 
(e.g., not just a singer or a poet) unlike what is usually seen and generally not able to be offered for 
commercial entertainment value, say, at a club (e.g., a sword swallower, or a person who juggles odd items, 
or a fire eater) 

• Artists exhibiting their wares for sale to the public (not galleries or companies), with permits issued by the 
city just as is done currently for Jackson Square (it could be the same operation by the city, expanded) 

Retail at the World Plaza would not be "standard" mall fare. We particularly will be looking for local merchants 
with the kind of products appropriate to our site, to either begin business or add a second location. Types of retail 
could include such fares as: 

• DINING: pretzels; ice cream, yogurt and gelato; cupcakes; coffee houses (hopefully, another Cafe du 
Monde); candy shops; pubs from around the world; raw bars; rib houses; buffalo wings specialties 

• ATTRACTIONS: a stage kitchen, possibly broadcast over TV, workshops taught by New Orleans' top chefs, 
with audience behind glass seen from outside; a mirror maze; comedy club; olde tyme portraits; Jean 
Lafite's pirate ship adventure and experience; "the Mighty Mississippi" sidewalk exploratory tour; authentic 
representation of a long-ago Barnum & Bailey carousel; live and unique animals; a nightly laser show; once 
a week fireworks show; dancing fountains at the Spanish Plaza fountain 

• NIGHTLIFE: Danny O'Flaherty's Folk World; beach music; country music; Great Topics of the World (guest 
speakers at a dinner theater) 

• SHOPPING: unusual accessories; jewelry boutiques; T-shirt emporiums; swamp memories and souvenirs; 
photographic remembrances of New Orleans and southern Louisiana; pet specialties; winery tastings; 
healthy wearing products; music stores. 



148 | P a g e 



LEASING: COMPARABLE OFFICE SPACE IN CBD NEW ORLEANS 

The World Trade Center building will have approximately: 

100,800 SF office space for consulate offices: "Eyes on the World" (4 floors) 
100,800 SF executive office space for commercial lease (4 floors) 

3,000 SF executive office space to donated to WTC NO 
204,600 SF 



Office vacancy rates in New Orleans have seen a slight rise over the past three years, but the balance is set to shift. 
The table below shows office occupancy in the city from 2007 through 2010. 



New Orleans Office Occupanty 







Dccup.ir ry 








Rental Rates. 










OctUpiflLv 




PfOpffliM 






Area 


Reporting 


Avjil aHt Space 


Race 


Change 


RtTio-rEinij 


Aikinf Rent 


Change 


i»T 


xa 


IS,99U*1 


90S* 




179 


$ 157i 






174 


1S.S4M19 


M.j 


■;n.3; s 


ISO 


16.19 


JjO ft 


xm 


310 


16.^7*^11 


87,5 




t« 


15.7? 


II 61 


2010 




19.51! 711 


87.J 


(0.3) 


1SS 


tSJBS 


03 




Hsutcf. lTivvi. c> ill N** OiK-ini, imiiulA 1« Fiotwnic OfvdcfrWfli axf-jl h«,iie Rfuvirf h 







In September of 2011, Ochsner Health System announced plans to lease 80,000 square feet and bring up to 1,000 
workers to Benson Tower, putting the building at over 90% occupancy. The former Hibernia Bank building is also 
under renovation to become a mixed-use complex of residential, retail, and office space. The Plaza Tower, a fixture 
of New Orleans' downtown skyline that has been vacant since Katrina, sold at auction in December of 2011; Plaza 
Tower Development plans to transform the building into a mix of offices, condos, and shops. In June, the city is 
scheduled to complete a $34.5-million extension of the Canal Street streetcar line along Loyola Boulevard adjacent 
to the Plaza Tower, which is expected to spur further growth along the corridor. 

Other developments include the $300-million expansion of the National World War II Museum, to be completed in 
2015; a $30.5-million HUD grant to redevelop the Iberville Housing Project and an adjacent portion of the Canal 
Street retail corridor; and the renovation and recent re-opening of the Joy Theater. 



149 | P a g e 



COMPARABLE CURRENT RATES FOR SIMILAR OFFICE SPACE IN NEW ORLEANS CBD: 




Office for Lease - URS Building 
New Orleans, Louisiana 

There is parking available in the adjacent parking lot for 
$170 per month per space. Suites 801 and 802 and 801 and 
802 may be combined. 
Rental Rate: $13.75 - $16.00 
Space Available: 1,193 - 11, 759SF 
Bldg. Size: 117,000 SF 




Office for Lease - 1515 Poydras 
New Orleans, Louisiana 

1515 and 1555 Poydras are Class A office towers with 

superior access and highly desirable amenities. The 

combination of currently available high... 

Rental Rate: $17.50 

Space Available: 567 - 22,679 SF 

Bldg. Size: 529,474 SF 

Primary Type: 




Office for Lease - Smith Lupo Center 
New Orleans, Louisiana 

Located in the West Lakeshore Shopping Center, the Smith 
Lupo Center is conveniently located in the safe Lakeshore 
community and offers many... 
Rental Rate: $17.00 
Space Available: 2,060 SF 
Bldg. Size: 38,941 SF 




Office for Lease - One Canal Place 
New Orleans, Louisiana 

One Canal Place is a 32-story office complex located at the 

foot of Canal Street, in the heart of the Central Business & 

Maritime Districts... 

Rental Rate: Negotiable 

Space Available: 641 - 80,000 SF 

Bldg. Size: 650,000 SF 




Office for Lease - K&B Plaza 
New Orleans, Louisiana 

Office Building or Contemporary Art Museum? Both exist 

within the Class A confines of K&B Plaza. Unique and 

inspiring office environment right... 

Rental Rate: $18.50 

Space Available: 2,500 - 10,501 SF 

Bldg. Size: 70,000 SR 




Office for Lease - 6600 Plaza Drive 
New Orleans, Louisiana 

Six Story Office Building. Space available from 2500sf to 
1 8000sf Available May 2006 or sooner subject to utility 
services. 

Rental Rate: $15.00 

Space Available: 2,000 - 60,000 SF 

Bldg. Size: 120,000 SF 



150 | P a g e 




Office for Lease - 228 St. Charles Avenue 
New Orleans, Louisiana 

The landmark Whitney National Bank building. The best 

location and value in downtown New Orleans. 

Rental Rate: $15.50 

Space Available: 500 - 7,500 SF 

Bldg. Size: 447,744 SF 




Office for Lease - 701 Loyola Tower 
New Orleans, Louisiana 

Fourteen (14) story office tower with secured lobby, 
competitive rental rates, and Tl allowances available 
depending on lease terms and rental... 
Rental Rate: $11.00 - $13.50 
Space Available: 266 - 18,723 SF 
Bldg. Size: 286,560 SF 




Office for Lease - First Bank and Trust Tower 
New Orleans, Louisiana 

The First Bank and Trust Tower is truly one of the finest 
office assets in the New Orleans Central Business District. 
Building amenities include... 
Rental Rate: $18.00 - $18.25 
Space Available: 2,453 - 13,163 SF 
Bldg. Size: 45,476 SF 




Office for Lease - 400 Poydras Tower 
New Orleans, Louisiana 

400 Poydras Tower is located in the heart of the action of 
the New Orleans CBD at Magazine and Poydras. The 
building boasts one of the best... 
Rental Rate: $16.50 - $18.00 
Space Available: 1 ,1 07 - 22,594 SF 
Bldg. Size: 108,413 SF 




Office for Lease - Poydras Center 
New Orleans, Louisiana 

650 Poydras was designed by Smallwood, Reynolds, 
Stewart and Stewart design firm. An exterior skin of ribbed 
precast panels with gray tinted... 
Rental Rate: $17.75 - $18.00 
Space Available: 544 - 5,134 SF 
Bldg. Size: 45,043 SF 



Office for Lease - Energy Centre 
New Orleans, Louisiana 

The Energy Centre is a thirty-nine story, 761 ,500 square 
foot office building with 24,000 square feet floor plates. 
Completed in 1984, the... 
Rental Rate: $17.50 - $19.50 
Space Available: 839 - 23,885 SF 
Bldg. Size: 761,500 SF 




Office for Lease - Pan American Building Sublease 
New Orleans, Louisiana 

Sublease space in the best building Downtown with 7 years 
of term remaining. Gorgeous buildout completed in 2008. 
Very attractive, modern... 
Rental Rate: $15.00 
Space Available: 12,673 S 
Bldg. Size: 682,087 SF 




Office for Lease - K&B Plaza 
New Orleans, Louisiana 

Abundant, secured covered parking, High quality finishes, 
Food service, ATM machine, Car detail service, Sundry 
shop, Copy center, On-site... 
Rental Rate: $19.00 
Space Available: 10,501 SF 
Bldg. Size: 70,00 SF 



151 | P a g e 



Office for Lease - BENSON TOWER 
New Orleans, Louisiana 

Be a part in the rebirth of 1450 Poydras! spectacualr 

renovation of New Orleans' Benson Tower. Next to the 

world famous Louisiana Superdome home... 

Rental Rate: $18.00 

Space Available: 4,268 - 8,739 SF 

Bldg. Size: 488,000 SF 



Office for Lease - Pan American Life Center 
New Orleans, Louisiana 

Pan-American life Center is a granite-clad, Class A trophy 

office tower located in the New Orleans Central Business 

District. Pan-american Life... 

Rental Rate: $18.50 

Space Available: 2,125 - 58,084 SF 

Bldg. Size: 673,000 SF 




Office for Lease - Place St. Charles 
New Orleans, Louisiana 

Located in the heart of New Orleans financial district, Place 
St. Charles is the premier office tower in the Central 
Business District. With... 
Rental Rate: N/A 

Space Available: 1,151 - 24,633 SF 
Bldg. Size: 79,539 SF 




Office for Lease - Marine Building 
New Orleans, Louisiana 

6 story office building located renovated after Hurricanne 
Katrina. Lots of parking provide in rear of building with 
overflow lot; two elevators;... 
Rental Rate: $15.00 - $15.50 
Space Available: 400 -22,000 SF 
Bldg. Size: 45,000 SF 




Office for Lease - 1555 Poydras 
New Orleans, Louisiana 

1515 and 1555 Poydras are Class A office towers with 

superior access and highly desirable amenities. The 

combination of currently available high... 

Rental Rate: $17.50 

Space Available: 1,109-21,611 SF 

Bldg. Size: 467,671 SF 




Office for Lease - Poydras Center 
New Orleans, Louisiana 
1 4 Private Offices 
Rental Rate: $13.50 
Space Available: 9,081 SF 
Bldg. Size: 453,255 SF 



CONCLUSION 

The office space offered at the World Trade Center will be among the best in New Orleans. Current upper 
rates in the central business district range from $17.50 to $19.50. We plan to initially offer World Trade 
Center office space for $18.00 per sq. ft. 



152 | P a g e 



LEASING: World Trade Center New Orleans 



We will offer a ten-year, free lease of 3,000 sq. ft. of office space to the World Trade Center New Orleans. WTCNO 
enhances the city, increases its tourism, builds its prestige, and adds to jobs in the city and parish. The offer is for 
the lease to begin when their current lease shall expire. Rent will be free for ten years, and they will receive warm, 
lit space, i.e., empty wall-to-wall, so that tenant build-out will be their responsibility. They will also be responsible 
for their share of common area maintenance (CAM). 



This will result in (3,000 sq. ft. X $18.00=) an annual donation in the equivalent of $54,000. 




There is dedicated to the Eyes on the World, four floors, each approximately 25,200 sq. ft., for a total leasable 
space of 100,800 sq. ft. at $18.00 per sq. ft. Because it will be impossible to lease this space to foreign embassies 
until after the completion of the contract between ourselves and the city, after the design, and then approximately 
a year to lease space, and another year to design and build. Therefore, the Eyes on the World will not open until 
Year 4. When it opens, approximately 75% of the full space will be leased, with the remaining 25% the following 
year. 



LEASING: 100,800 net sq. ft. of EXECUTIVE OFFICE SPACE (4 floors) 

Four floors will be available for commercial office lease, approximately 100,800 sq. ft. Lease rates will be $18 per 
sq. ft. There will be a professional local leasing company handling these leases on the owners' behalf. 




153 | P a g e 



Attractions cost money in New Orleans, as elsewhere. Here are some of the tourism costs in New Orleans: 



Grand Tour of Cajun Country $150.99 

Steamboat Natchez Evening Jazz Cruise $67.99 

Small-Group Airboat Ride & Plantation Tour $139.99 

Swamp and Bayou Sightseeing Tour $48.99 

New Orleans Hop-On Hop-Off City Tour $35.99 

Small-Group Bayou Airboat Ride/bus from NO $99.99 

City Tour & Steamboat Natchez Harbor Cruise $62.99 

New Orleans Power Pass $69.99 

Westbank Plantation tour $90.99 

New Orleans French Quarter Segway Tour $65.00 

Small-Group Tour: NO Past & Present $74.99 

New Orleans Original Cocktail Walking Tour $28.99 

Steamboat Natchez Harbor Cruise $24.99 

New Orleans Cooking Class $23.99 

Garden District Walking Tour $25.99 

Post Hurricane Katrina Tour $69.99 
New Orleans Cemetery & Voodoo Walking Tour $25.99 

Small-Group LA Plantations Tour from NO $90.99 

New Orleans Haunted Walking Tour $25.00 

New Orleans City Bus Tour $42.99 

French Quarter Walking Tour $24.99 

New Orleans Big Easy Jazz tour $48.99 

Jazz Brunch Buffet at Court of Two Sisters $32.00 

Small-Group Architectural Tour of NO $74.99 
Shore Excursion: Post-Cruise & Half Day Airboat $139.99 

French Quarter MP3 Audio Walking Tour $10.99 

Pirate History Walking Tour $26.99 

National WWII Memorial $22.00 

Audubon Park free 

Preservation Hall free 

Audubon Zoo $22.50 

Mardi Gras World $19.95 

Audubon Insectarium $16.50 

Audubon Aquarium of the Americas $22.50 



In order to begin easy, we intend to stay in the lower range of attractions and to charge a $10.00 entrance fee for 
the Eyes on the World Tour of Nations. 



154 | P a g e 








DEVELOPMENT/CONSTRUCTION 








Category 


Year 1 


Year 2 


Year 3 * 


Year 4 


EXPENSES 




HarH pn^tQ' nut hlrln 1 


$1 cnn nnn 
$ I ,ouu,uuu 








1— IqkH prictc ■ ovtonor pnat 
nalU OUolo. caLciIUi lAJcil 


$2,000,000 








III j. 1 1 1 OO 

Hard costs: redo mchancls 


$4,000,000 


$4,000,000 






ii i a i a i i n i i 44 

Hard costs: Wrd Plz ground 


$1,000,000 








Hard costs: World Plaza ss 


$1,000,000 


$7,000,000 


$6,500,000 




Hard costs: all hotel 66 




$30,000,000 


$30,000,000 


rt» t~\ — 7 j — r\ r\r\r\ 

$8,750,000 


Hard costs: roof pools 77 






$1,500,000 




Hard costs: rooftop bars 88 


$1,000,000 


$3,000,000 


$3,000,000 




Hard costs: Eyes/World au 




$2,000,000 


$4,000,000 


$4,000,000 


Haed costs: residential 111 


$440,000 


$4,750,000 


$4,750,000 


$9,500,000 


Hard costs: office ^ 




$2,080,000 


$4,000,000 


$4,000,000 


Hard costs: special office 




$750,000 


$500,000 




Hard costs: parking 444 


$1,500,000 


$1,250,000 


$1,250,000 




Hard costs: monument 13513 


$1,000,000 


$500,000 






Hard costs: 4 retail bars bbb 




$3,500,000 


$2,500,000 




Total Hard Construction 


$12,440,000 


$58,830,000 


$58,000,000 


$26,250,000 


Other operating costs 


$622,000 


$2,941,500 


$2,900,000 


$1,312,500 


Development fees aBa 


$373,200 


$1,764,900 


$1,740,000 


$787,500 


Design by all firms aaa 


$622,000 


$2,941,500 


$2,900,000 


$1,312,500 


One-Time pymt. To NOBC 


$1,250,000 


$1,250,000 


$1,250,000 


$1,250,000 


Total Expenses 


$15,307,200 


$67,727,900 


$66,790,000 


$30,912,500 






SOURCES OF FINANCING 




Construction loan 1111 


$108,442,560 








Permanent Financing 








$142,452,958 


Equity a3aa 


$18,073,760 








Tax Credits 4444 


$54,221 ,280 








Total Revenue 


$180,737,600 


$0 


$0 


$142,452,958 



$155,520,000 
$7,776,000 
$4,665,600 
$7,776,000 
$5,000,000 

$180,737,600 



* Year 3 of development/construction is Year 1 of limited operation. 



155 | P a g e 



$1,500,000 to gut the building, including removing all siding from first three floors. Construction costs are 
estimated by Allen McDonnel, president of The McDonnel Group, who will be the general contractor on this 
project, and who has decades of experience with such costs in New Orleans. 

22 Exterior coating involves removing the slats from the exterior of the windows, cleaning and checking securing of 
windows, cleaning and tightening and coloring concrete, and adding lighting. 

33 Mechanical re-dos are the reconditioning and refurbishing of elevator cabs, motors and computers, plus the 
motor on revolving restaurant and the escalators. These construction costs are estimated by Allen McDonnel, 
president of The McDonnel Group, who will be the general contractor on this project, and who has decades of 
experience with such costs in New Orleans. 

44 Open up World Plaza by removing lower three floors of building exterior walls, creating hardscape up to and 
including sidewalk on Convention Center Boulevard. This is the cost to connect the base/floor and tierring 
necessarybring Spanish Plaza flooring throughout lower two floors of building and up to and including sidewalk on 
Convention Center Boulevard. 

55 Extensive recondition of World Plaza, with lush landscaping, shading, and possibly a large stage at the riverside 
wing of the WTC building, 3rd floor overlooking Spanish Plaza fountain. Creation of retail environment for stores. 

66 Hotel costs. Based on an HVS study for 2012, for luxury hotel rooms, less partial building & site 
improvements, less partial soft costs, and less pre-opening capital, the general contractor has 
estimated a building/furnishing cost of $125,000 per room, or $68,750,000. 

77 Either on the rooftop on one wing of the building or on the third floor platform over the tracks will 
be a lushly landscaped pool complex for hotel and residential guests. These construction costs are 
estimated by Allen McDonnel, president of The McDonnel Group, who will be the general contractor on this 
project, and who has decades of experience with such costs in New Orleans. 

88 Top floor revolving bar/lounge, plus complete 30,000 sq. ft. restaurant/banquet floor below, plus outdoor roof 
lounge/bar on one wing. These construction costs are estimated by Allen McDonnel, president of The McDonnel 
Group, who will be the general contractor on this project, and who has experience with such costs in New Orleans. 

99 Construction costs estimated at $100 sq. ft., exclusive of individual nations' showcase buildouts, which they will 
pay for, using our design team and general contractor. This cost is just the finished open space ready for tenants. 

111 Four floors of residential rental units. Finish two models (1BR and 2BR), and build others on build out based on 
rental projections. 42 1BR/1BA models, 1,000 sf, cost $200 per sq. ft. to build out ($200,000 each) = $8,400,000 for 
42 1BR units. 46 2BR/2BA units, 1,200 sf, cost $200 per sq. ft. to build out ($480,000 each) = $11,040,000 for 46 2BR 
units. Total construction costs: $19,440,000. Information taken from Market analysis, above. For these upper end 
units, we anticipate a three year buildup period. 



156 | P a g e 



222 



Four floors of Class A office space: approximately 25,200 sq. ft. per floor, a total of 100,800 sq. ft. Construction 



costs at $100 sq. ft., a total of $10,080,000. Tenant lease-out is estimated at four years. 

333 3,000 sq. ft. office space, "warm lit space" - no interior walls or finishings; tenants to finish space. The executive 
offices of the development company will occupy the remaining 3,500 sq. ft. of the same wing of Floor 3 as will be 
occupied by the WTC, that wing closest to Convention Center Boulevard, and the executive offices will be finished 
space. These construction costs are estimated by Allen McDonnel, president of The McDonnel Group, who will be 
the general contractor on this project, and who has decades of experience with such costs in New Orleans. 

444 Build parking garage - for purposes today we estimate to be a ground level entrance court and a spiral drive link 
to the four parking floors in the WTC building (used for parking there). As noted, this could change after 
negotiations with the city. 

555 One large glass structure with huge video of history of New Orleans, and monument with inscription (see earlier 
description in proposal). These construction costs are estimated by Allen McDonnel, president of The McDonnel 
Group, who will be the general contractor on this project, and who has decades of experience with such costs in 
New Orleans. 

666 Retail bars are part of the anchor to the World Plaza. They will be unique and highly visible from outside the 
bars themselves, with open windows to let the music out. Costs are estimated at $6,000,000. 

777 Other Operating Costs include: Professional fees, Construction Management fees, Contingency, and Operating 
costs @ 5% of $155,520,000, or $7,776,000. 

888 Development fees: 3% of construction costs until conclusion of construction, or a total of $4,665,600. 



999 



Design includes all architecture, interior design, and landscape design. It includes both our design firm, WATG 



and Perez. It is estimated at 5% of $155,520,000 construction costs, or $9,065,500. 



mi 



Construction loan in the amount of $108,442,560 will be taken out by permanent financing upon the issuance 
of a certificate of occupancy by the city of New Orleans. The development/construction period financing will reflect 
an accrued interest ofl0% for a period of four and a half years. 



2222 



PERMANENT LOAN in the amount of $142,452,958 at 7%, amortized over 20 years, both pays off the 



construction loan (at 7%) and buys out the equity investor (at 20%). 

This amount includes EQUITY PAYOFF : Year Yi expends $1,530,720 in equity principle + 20% accrued interest Yi year 
= $1,683,729. Year 2 expends $6,772,790 in equity principle plus last year's carried amount of $1,683,729, or 
$8,456,582 plus 20% interest 2 for year = $10,147,898. Year 3 expends $6,679,000 in equity principle plus last year's 
carried amount of $10,147,898, or $16,826,898 plus 20% interest for year 3 = $20,192,278 LESS $5,000,000 equity 
curtailment made at the end of year 3 ... bringing forward $15,192,278. Year 4 expends $3,091,250 in equity 
principle plus last year's carried amount of $15,192,278, or $18,283,528 plus 20% interest for year 4 = $21,940,234 
LESS an additional $7,000,000 equity curtailment made at the end of year 4 ... bringing forward $14,940,234 to be 
wrapped into the permanent loan. 



157 | P a g e 



The CONSTRUCTION LOAN PAYOFF is similarly calculated: Year Vi expends $9,184,320 (60% of Year l's total 
expenditures of $15,307,200) in construction loan principle + 7% accrued interest Vi year = $9,827,222. Year 2 
expends $40,636,740 (60% of Year 2's total expenditures of $67,727,900)in construction loan principle plus last 
year's carried amount of $9,827,222, or $50,463,962 plus 7% interest 2 for year = $53,996,439. Year 3 expends 
$40,074,000 (60% of Year 3's total expenditures of $66,790,000)in construction loan principle plus last year's 
carried amount of $53,966,439, or $94,040,439 plus 7% interest for year 3 = $100,623,270. Year 4 expends 
$18,547,500 (60% of Year 4's total expenditures of $30,912,500) in construction loan principle plus last year's 
carried amount of $100,623,270, or $18,283,528 plus 7% interest for year 4 ... bringing forward $127,512,724 to be 
wrapped into the permanent loan. 

The permanent loan is the sum of the construction loan payoff of $127,512,724 and the equity investment buy 
out of $14,940,234: $142,452,958. 

Monthly payment on the permanent loan will be $1,104,436 per month, or $13,253,235 per year. 

3333 Equity is 10% of total costs. 

4444 Tax Credits estimated at 40% of costs. However, legal and other preparation, plus discount at sale may bring 
the net down as much as 10%, so we are estimating a conservative net of 30%. 



158 | P a g e 



OPERATIONAL PHASE OF WORLD TRADE CENTER REDEVELOPMENT 




Revenue 


% of yr yr 
Rev. 1 2 


year 3 


year 4 


year 5 


Hotel 1 


- 


26,699,750 


30,112,500 


34,529,000 


Hotel Restaurants/Banquets 2 


- 


3,285,000 


3,449,250 


3,621,713 


Hotel Bars 2 


- 


3,285,000 


3,449,250 


3,621,713 


3 

Residential leases 




1,138,800 


2,479,200 


2,603,160 


Parking 4 




1,000,000 


1,000,000 


1,000,000 


Plaza Retail 5 




2,362,500 


2,362,500 


2,362,500 


Office Leases 6 






1,814,400 


2,721,600 


Eyes on World Admissions 7 






4,500,000 


4,500,000 






37,771,050 


49,167,100 


54,959,685 




Expenses 


Hotel 1 


80% - 


21,359,800 


24,090,000 


27,623,200 


Hotel Restaurants/Banquets 2 


80% - 


2,628,000 


2,759,400 


2,897,370 


Hotel Bars 2 


75% - 


2,463,750 


2,586,938 


2,716,284 


Residential leases 3 


15% - 


170,820 


371,880 


390,474 


Parking 4 


35% - 


350,000 


350,000 


350,000 


Plaza Retail 5 


65% - 


1,535,625 


1,535,625 


1,535,625 


Office Leases 


35% - 




635,040 


952,560 


Eyes on World Admissions 7 


30% - 




1,350,000 


1,350,000 


Lease Payment to NOLA 8 








1,500,000 


Replacement Reserve @ 4% 9 






1,966,684 


2,198,387 


Bldg Mngt Fee @ 3% 10 




1,133,132 


1,475,013 


1,648,791 






29,641,127 


37,120,580 


43,162,691 




Profit before Int/Dep Exp 




8,129,924 


12,046,521 


11,796,994 



159 | P a g e 



Profit before Int/Dep Exp 


8,129,924 


12,046,521 


11,796,994 


Permanent Mortgage pymt. @ 7% 






13,253,235 


Profit after mortgage payments 


$8,129,924 


$12,046,521 


-$1,456,241 


Tax @30% 


2,438,977 


3,613,956 


-$436,872 


Equity Curtailments 


5,000,000 


7,000,000 




Net After Tax 


690,946 


1,432,564 


-$1,019,369 




Depreciation Expense (39 yr SL) 


5,128,205 


5,128,205 


5,128,205 



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OPERATIONAL PHASE OF WORLD TRADE CENTER REDEVELOPMENT 




Revenue 


year 6 


year 7 


year 8 


year 9 


year 10 


Hotel 1 


38,393,438 


40,313,110 


42,328,765 


44,445,204 


46,667,464 


Hotel Restaurants/Banquets 2 


3,802,798 


3,992,938 


4,192,585 


4,402,214 


4,622,325 


Hotel Bars 2 


3,802,798 


3,992,938 


4,192,585 


4,402,214 


4,622,325 


Residential leases 3 


2,733,318 


4,099,977 


6,149,966 


9,224,948 


13,837,422 


Parking 4 


1,050,000 


1,102,500 


1,157,625 


1,215,506 


1,276,282 


Plaza Retail 5 


2,362,500 


2,362,500 


2,480,625 


2,480,625 


2,480,625 


Office Leases 6 

Eyes on World Admissions 7 


3,265,920 
4,500,000 


3,265,920 
4,500,000 


3,265,920 
6,775,000 


3,807,216 
6,775,000 


3,807,216 
6,775,000 




59,910,772 


63,629,883 


70,543,071 


76,752,928 


84,088,659 




Expenses 


Hotel 1 


30,714,750 


32,250,488 


33,863,012 


35,556,163 


37,333,971 


Hotel Restaurants/Banquets 2 


3,042,239 


3,194,350 


3,354,068 


3,521,771 


3,697,860 


Hotel Bars 2 


2,852,099 


2,994,704 


3,144,439 


3,301,661 


3,466,744 


Residential leases 3 


409,998 


614,997 


922,495 


1,383,742 


2,075,613 


Parking 4 


367,500 


385,875 


405,169 


425,427 


446,699 


Plaza Retail 5 


1,535,625 


1,535,625 


1,612,406 


1,612,406 


1,612,406 


Office Leases 6 


1,143,072 


1,143,072 


1,143,072 


1,332,526 


1,332,526 


Eyes on World Admissions 7 


1,350,000 


1,350,000 


2,032,500 


2,032,500 


2,032,500 


Lease Payment to NOLA 8 


1,500,000 


1,500,000 


1,500,000 


1,500,000 


1,500,000 


Replacement Reserve @ 4% 9 


2,396,431 


2,545,195 


2,821,723 


3,070,117 


3,363,546 


Bldg Mngt Fee @ 3% 10 


1,797,323 


1,908,896 


2,116,292 


2,302,588 


2,522,660 




47,109,036 


49,423,202 


52,915,176 


56,038,901 


59,384,525 


Profit before Int/Dep Exp 


12,801,736 


14,206,681 


17,627,895 


20,714,026 


24,704,134 



161 | P a g e 



Profit before Int/Dep Exp 


12,801,736 


14,206,681 


17,627,895 


20,714,026 


24,704,134 


Permanent Mortgage pymt. @ 7% 

2222 


13,253,235 


13,253,235 


13,253,235 


13,253,235 


13,253,235 


Profit after mortgage payments 


-$451,499 


$953,446 


$4,374,660 


$7,460,791 


$11,450,899 


Tax @30% 





286,034 


1,312,398 


2,238,237 


3,435,270 




Net After Tax 


-$451,499 


667,412 


3,062,262 


5,222,554 


8,015,629 




Deprect.Exp. (39 yr) 


5,128,205 


5,128,205 


5,128,205 


5,128,205 


5,128,205 



162 | P a g e 



Notes to the 10 year Revenue / Expenses Spreadsheet: 



1 LUXURY HOTEL : 550 rooms, est. 500 sq. ft. each, including lobby, public spaces meeting rooms. Based on an HVS 
study for 2012, for luxury hotel rooms, less partial building & site improvements, less partial soft costs, and less pre- 
opening capital, the general contractor has estimated a building/furnishing cost of $150,000 per room, or 
$82,500,000. 

RATES: Assume a conservative seasoned rate of $225, with a first (operational) year (third actual year) rate of 
$190, a second year rate of $200, a third year rate of $215, and a fourth/established year rate of $225 for our 

luxury hotel room rate. We assume rates will rise thereafter at 5% annually. 

We assume expenses are 80% of income, which includes the contract with a hotel management firm. 

OCCUPANCY: Based on the facts noted above and on the assumption of both compelling marketing for the hotel 
and much free publicity deriving from the noteworthiness of this grand development, we will assume a 4 year 
buildup period for the hotel, with first year occupancy at 70%, second year occupancy at 75%, third year 
occupancy at 80%, fourth year occupancy at 85%, and established thereafter at that 85%. 

This, then, based on these assumptions, will produce income as shown on the following chart. And we estimate the 
cost of operations at the hotel at 82.5% of gross income, a standard industry number. 

PRELIMINARY INCOME PROJECTIONS 
LUXURY HOTEL AT WORLD TRADE CENTER 



Year 


# 

roo 
ms 


rate 


occupancy 


daily gross 


annual gross 


3 


550 


$190 


70% 


$ 73,150 


$ 26,699,750 


4 


550 


$200 


75% 


$ 82,500 


$30,112,500 


5 


550 


$215 


80% 


$ 94,600 


$ 34,529,000 


6/established 


550 


$225 


85% 


$105,188 


$ 38,393,438 



2 RESTAURANTS & BARS : Estimate 300 guests per day year 1 and 2, each spending $30 per meal = $3,285,000 
gross per year first year, increasing by 5% per year thereafter. Estimate 400 revolving bar patrons per day year 1, 
each spending $22.50 per visit = $3,285,000 gross per year first year, increasing by 5% per year thereafter. 

Estimate restaurant costs at 80% of gross. Estimate bar costs at 75% of gross. Estimate restaurant and bar costs to 
rise 5% per year after establishment. 



163 | P a g e 



3 RESIDENTAL RENTAL INCOME is based on the following chart from the marketing analysis above, with no rent 
raised for the period shown. Rental lease income is expected to rise by 5% after establishment. 



Residential rental expenses are estimated at 15%, including management contract company, maintenance, 
marketing and commissions. Residential rental expenses are expected to rise by 3% after establishment. 




PRELIMINARY INCOME PROJECTIONS 



LUXURY RESIDENTIAL RENTALS - WORLD TRADE CENTER 



year # units price/mo. % rented/cuml. # rented/cuml. rental 

income/ 





income/yr 


1 


42 1BR 


$2,000 


50% 


21 


$ 504,000 




23 2BR 


$2,300 




23 


$ 634,800 




42 1BR 


$2,250 


95% 


40 


$1,080,000 




23 2BR 


$2,650 




44 


$1,399,200 



4 PARKING : This is a completely unknown quantity. We simply pick the number the World Trade Center personnel 
told us: when they had control of the parking garage built for this WTC building, they leased it to Hilton Hotel, got 
free parking for their own employees and other guests to the WTC building, and still made $1 million per year. It is 
not the best number ... but since there is no number possible, it is the best we have: $1 million per year. Staffing 
costs to park cars 35%. Income increases by 5% after year 5, and expenses increase by 4% after year 5. 



5 PLAZA RETAIL LEASES will be at the rate of $35 sq. ft. for 75,000 sq. ft. of net space. Increases 5% each five 
years. Retail expenses are calculated at 65% of income. Occupancy estimated at 90%. 



6 OFFICE LEASES : Eyes on the World consulate leases: 100,800 sq. ft. at $18.00 per sq. ft. plus an additional four 
floors of Class A office leases (100,800 sq. ft.) at $18.00 sq. ft. 201,600 sq. ft. of leased space @ $18.00 sq. ft. = 
$3,628,800 annually when fully leased. We anticipate leasing 0% of the space the first year, 50% the second year, 
75% the third year, and 90% the fourth and subsequent years. Rents to increase each 5 years by 5%. Expenses at 
35% of revenue. 

Four floors office space, extensively designed with nations of the world each building their own national exhibit, 4 
floors, approximately 40 exhibits per floor, depending on size of the nation and what they choose to rent, with 
development company finishing interiors and central (to each wing, 4 per floor) lounge/stage areas. An additional 
four floors of office space for lease to commercial companies. The construction costs are what the development 
company estimates it will spend on limited interior finishings, with final architecture (by our architect) and 
construction (by our construction contractor) paid by the leasing nation. These costs are estimated by Allen 
McDonnel, president of The McDonnel Group, who will be the general contractor on this project, and who has 

164 | P a g e 



decades of experience with such costs in New Orleans. 



7 EYES ON THE WORLD ADMISSION FEES : Tourism brings in 9 million visitors to New Orleans each year. It is 
anticipated that at least half of those, 4,500,000 will be in this vortex of visitors that will be this business and retail 
site, and will visit the World Trade Center, and that only 10% of those will tour the Eyes on the World, or 450,000 
visitors per year. We will not begin this Tour of the Nations until the Eyes on the World is fully (95%) leased and 
operational, thus estimating the second year after the World Trade Center redevelopment will have opened. Fees 
will be $10 per person. Because 60% of the tourists coming to New Orleans make under $100,000 per year, a 
lower price attraction will attract greater numbers of attendees. 

Getting the embassies to open consulates is slower than normal leasing, so this entity will not open until the second 
year of operation of the World Trade Center building. 

The cost is estimated at 30% of the income from admittance fees, and covers staffing, ticket sales, marketing and 
advertising, maintenance, management contract, reserve for remodeling. 



LEASE PAYMENTS TO NOLA : $1,250,000 per year, for four years, is our offered lease payment to the city of New 
Orleans. 



9 Buildings wear out and begin to look worn. They need to be remodeled each 10 to 12 years. We set aside a 4% 
REPLACEMENT RESERVE each year for this remodeling of the facility and its parts. 



10 BUILDING MANAGEMENT FEE : 3% of revenue, but not the hotel which will be under separate management . 



165 | P a g e 



3. Proposed Financing and Financing Sources and Uses 



James H. Burch LLC has secured the preliminary commitment for equity and construction loan, contingent upon 
satisfactory negotiations with NOBC, as specified in the RFP, for the equity needed and the construction loan 
amount needed for redevelopment of the World Trade Center building and site. Through our construction 
manager/owner rep company, whose many other buildings have been financed through Columbia National of 
Columbia, Maryland, this financing company has pledged to work with us, and has made themselves available at 
this point. 

We intend to secure equity cash from Columbia National equal to ten percent (10%) of the funds necessary - at this 
time estimated to be $18,073,760, and we intend to have them arrange the construction loan currently estimated 
to be $1 08,442,560 and the permanent financing mortgage currently estimated to be $$171,921,458 through 
Columbia National. They have $6 billion in arranged loans at this time. 



166 | P a g e 



Sources of Construction Financing 


Source 


Percent 


Amount 


Tax Credits 


30% (net) 


$ 54,221,280 


Equity 


10% 


$ 18,073,760 


Construction Loan 


60% 


$108,442,560 


Total 


1 00% 


$180,737,600 








Amortization of Principal Financing 




Loan Amount 


$142,452,958 




Number of Payments 


240 




Annual Interest Rate 


7% 




Monthly Payment 


$1,104,436 




First Year Totals 


$13,253,235 






Federal Historic Preservation Tax Credit {FHTC) and Deductions 

A 20% federal income tax credit is potentially available for the rehabilitation of historic, income- producing 
buildings that are determined by the U. S. Secretary of the Interior, through the National Park Service, to be 
"certified historic structures" or as contributing to a future federal historic district. This process is expected to 
take from six months to one year to accomplish. This subject building was constructed from 1963 to 1967. It is 
approximately 850,000 square feetofspace. 

Approximately $193,070,266 in costs is estimated at this time, prior to final negotiations with NOBC 
and thus prior to final details, could potentially qualify as "qualified rehabilitation expenditures," and 
therefore be eligible for the 20% Federal Historic Renovation Tax Credit. This would be $38,614,053. At an 
estimated gross sales price of $0.96/$1.00 in tax credits, the net benefit from this federal tax credit is projected 
to be approximately $35,524,929. This amount should beableto be monetized at the Closing of the Project, 
utilizing available tax credit bridge loan financing. 



In addition, a federal income tax deduction may be available for the creation and donation to an eligible 
nonprofit entity of a historic preservation easement to permanently protect this existing historic property and to 
limit future development of the Project site. Because this property would remain in public ownership, yet the 
improvements be allowable as deductions for our non-public entity, there remains some speculation about this 
particular deduction. Thus, this potential Federal income tax deduction has not been included as a source of 



167 | P a g e 



funding for this development that would be availableat Closing. 
State Historic Preservation Tax Credit (SHTC) and Deductions 

A 25% state income tax credit is currently available for the rehabilitation of historic, income-producing buildings 
that are determined by the State Historic Preservation Office (SHPO) to be "certified historic structures" within a 
state cultural district. As mentioned above, the World Trade Center building was constructed from 1963 to 
1967 and totals approximately 850,000 gross square feet of space. $19,307,026 of the Project's renovation 
costs should qualify as "qualified rehabilitation expenditures," and therefore be eligible for the 25% State 
Historic Renovation Tax Credit, or $19,307,026. At an estimated gross sales price of $0.80/$1.00 in tax credits, 
the net benefit from this state tax credit is projected to be approximately $15,445,621. This amount should be 
able to be monetized at the Closing of the Project, utilizing available taxcredit bridge loanfinancing. 

In addition, a state income tax deduction potentially may be available for the creation and donation to an 
eligible nonprofit entity of a historic preservation easement to permanently protect this existing historic property 
and to limit future development of the Project site. Because this property would remain in public ownership, yet 
the improvements be allowable as deductions for our non-public entity, there remains some speculation about this 
particular deduction. Thus, this potential Federal income tax deduction has not been included as a source of 
funding for this development that would be availableat Closing. 

Other Available Tax Credits 

There are a myriad of other tax credits available for this site, all depending upon what final plans will be and 
upon which will apply, not to the owner (the city being a public entity) but to the owner of the improvements 
(our private entity). Although we list many of them below as worthy of later consideration and study, we have 
selected not to speculate on those many available tax credits at this stage, but rather to simply estimate a 
lump sum of approximately $10,000,000. We recognize that this will, without a doubt change, but we feel 
that at this point it is satisfactory to be able to ascertain the basic structure within which the financial details 
will unroll. It is sufficient for the developer's financial planning and commitments at this stage. 

Federal Solar Energy Investment Tax Credit (FITC) 

A 30% federal solar energy tax credit is currently available with respect to solar electric photovoltaic systems 
equipment and installation expenses, provided that these expenditures are made prior to the current "sunset 
date" of December 31, 2036. Because final plans for the rehabilitation of this building have not yet been 
drawn, this potential tax credit has not been estimated as a part of the financing of this building. It will 
certainly be considered as design plans are created and completed. 

State Solar Investment Tax Credit 

A 50% state solar energy tax credit is currently available with respect to theyet-to-be-determined expensesfor 
solarelectricphotovoltaicsystems equipment and installation expenses that are applicable to residential 
housing planned for the Project. Because final plans for the rehabilitation of this building have not yet been 
drawn, this potential tax credit has not been estimated as a part of the financing of this building. It will 
certainly be considered as design plans are created and completed. 

Commercial Building Tax Deduction 

The Energy Policy Act of 2005 included a new tax incentive to improve the energy efficiency of commercial 
buildings. The "Commercial Building Tax Deduction" establishes a tax deduction for expenses incurred for energy 
efficient building expenditures made by a building owner. The deduction is limited to $1.80 per square foot of the 
property, with allowances for partial deductions for improvements in interior lighting, HVAC and hot water systems, 



168 | P a g e 



and building envelope systems. 

Technology Commercialization Credit and Jobs Program 

Eyes on the World will have innovative computer interactive desks like no other. The technology will have to be 
developed specifically for this task. The technology commercialization credit offers tax credits to encourage 
Louisiana businesses to commercialize research conducted at Louisiana universities and to promote job creation. 
For commercializing technology -"development of a technology into a commercial product by going through the 
process of prototyping, securing funding, and other steps necessary to get the final product to the marketplace"- 
an individual or business may earn a credit on any income or corporation franchise tax liability equal to 40 percent 
of an investment up to $250,000 in commercialization costs for a business location. Credit may be carried forward 
for up to 20 years. The firm may also earn an additional refundable 6% gross payroll tax credit based on new jobs 
created and other requirements. Credit on new jobs created may be earned up to five years. It is renewable for an 
additional five years if the taxpayer demonstrates that they meet all the requirements in the past five years. The 
program requires an agreement with a Louisiana regionally accredited college, technical school, university, or a 
research company to commercialize or research a technology. 

New Market Tax Credit 

The New Market Tax Credit program encourages investment in urban and rural low-income areas to help finance 
community development projects, stimulate economic growth and create jobs. Private-sector investors receive 
credit against federal income taxes. The program allows individual and corporate taxpayers to receive a credit 
against federal income taxes for making qualified equity investments in Community Development Entities, or CDEs. 
Credits can be obtained every year the investment is held, for up to seven years of the credit period. 

Benefits 

Equity investments in low- to moderate-income areas may qualify for a 39% federal tax credit available through a 
special federal allocation for the Louisiana Gulf Opportunity Zone. Qualifying projects may leverage the federal 
program through an additional 25% state tax credit (64% total credit). May be used as equity for debt financing. 

Louisiana Foreign Trade Zones 

Because goods and products may enter into the Eyes of the World for show and/or sale, it may be wise to apply for 
those four floors to become a Foreign Trade Zone or an extension of an existing Foreign Trade Zone. Louisiana's six 
Foreign Trade Zones make it possible to import materials and components into the U.S. without paying duties until 
they enter into the U.S. market. Goods shipped directly out of the country from FTZs are duty-free. 

Summary of Current Available Tax Credits 

At the present time, the developer is considering only the discounted Federal Historic Preservation Tax Credit 
{FHTC) and Deduction of $35,524,929 and the discounted State Historic Preservation Tax Credit (SHTC) and 
Deduction of $15,445,621 as applicable to its project at this stage, for a total of $50,970,550. Adding the 
generalized lump sum of an additional estimated $10,000,000 available in the future from other potential tax 
credits, we arrive at estimated tax credits of $60,970,550. Deducting at estimated $3,000,000 if professional fees to 
obtain these tax credits gives a resulting net of $57,970,550. In its projections, the developer has chosen to 
estimate a clean 40% tax credit, or $ 57,921,080. 



169 | P a g e 



4. Detail of all Direct and Indirect Economic Benefits to NOBC and the City 



Direct Economic Benefits to NOBC and the City 



We offer to pay NOBC Five Million Dollars ($5,000,000), $1,250,000 for each of the four years of construction, 

during the design and construction phase or our development, more than doubling the amount expended by the 
city to buy out the World Trade Center New Orleans from its lease on the building several years ago. 



During the Pre-Construction and Construction Period, Direct Tax Income is expected to be: 



State and Local Tax Impact of Construction 


Tax Source 


Revenue 


State Taxes: 


Income 


$2,310,000 


Selective Sales 


$1,580,000 


General Sales 


$2,280,000 


Business 


$970,000 


Total State 


$7,140,000 


Local Taxes: 


Local Sales Taxes 


$3,570,000 


Local Property Taxes 


$- 


Total Local 


$3,570,000 


State Plus Local 


$10,710,000 



170 | P a g e 



Indirect Economic Benefits to NOBC and the City 



The City of New Orleans has taken a wise step in offering the World Trade Center building and site as a 
Request for Proposal, in order to gather the best ideas possible for this most visible and potentially 
anchoring site in the region. Situated as it is at the confluence of the city's main artery, the Mississippi 
River and the heart of the city's historic, business, tourism and activity center, it presents a magnificent 
opportunity to make a statement to the city, the state, the nation and the world about the beauty and the 
capabilities of the people of this region. The purpose of this report is to estimate the economic impact of 
the proposed redevelopment of the World Trade Center building and site, presented by James H. Burch LLC, 
on the New Orleans economy. Although the proposed development will be broad in scope, this report will 
only estimate the new economic activity created by the project. 

The components of the project include: 

The creation of a luxury hotel, restaurants and meeting rooms at the site of the best views 
and dead center of New Orleans' activity 

The creation of a revolving rooftop lounge /bar + meeting rooms/banquet rooms + special 
event facility that will be unique and attract visitors because of its special situation 
The creation of "Eyes on the World" - a site of exhibits of nations from all over the world, both 
for business and tourism, and also as a tourist attraction new to the New Orleans region 
The return of the World Trade Center New Orleans to its traditional home, where the 300+ 
present World Trade Centers of the world originated 

The creation of luxury rental units to accommodate some of the thousands of new healthy- 
income residents who will be coming to New Orleans as a result of medical and other 
developments ongoing 

The creation of World Plaza retail to extend to Spanish Plaza which will link the activity of 
the city to the Mississippi River waterfront plaza in an invigorated and powerful new tourist 
draw that thrills visitors and gives new reasons for longer stays and more expenditure of 
monies 

The clear and visible statement of the character of New Orleans and its people, in large video 
presentation and in monumental statement of purpose 



During the CONSTRUCTION PHASE of the project, based on only preliminary 
projections prior to negotiations with the NOBC, approximately $175.7 million 
will be spent directly in the New Orleans economy. Using standard factors, that 
direct spending will produce $160.22 million in secondary spending for a total 
impact of $335.96 million. During the construction phase, the proposed project 
will support, either wholly or in part, a total of 3,586 jobs in the area, creating 
$129-63 million in income for residents of the area. In the construction phase of 
the project, the State of Louisiana will collect an additional $7.14 million and 
local governments in New Orleans will collect an additional $3.75 million for a 
total of $10.71 million of new revenue for state and local governments. 



171 | P a g e 



And 



Once the FULL DEVELOPMENT of the World Trade Center is STABILIZED and is 
fully operational, it will create new direct spending in the New Orleans economy 
of $71.7 million annually. That direct spending will create $57.91 million in 
secondary spending for a total impact of $129.61 million annually in the City's 
economy. The operations of the World Trade Center site, once they are fully 
operational, will create $131.29 million annually in earnings for 3,632 new jobs 
created in the community. Once the redeveloped World Trade Center site is 
completely stabilized, it will produce $13.01 million annually in tax revenue for 
the State of Louisiana. Local governments, including the City of New Orleans, the 
Orleans Parish School Board, and a host of other local government entities in the 
City will receive $11.76 million annually in new revenue. Finally, the proposed 
project will generate $4.63 million annually in new tax revenue for the City of 
New Orleans general fund. 



Preliminary Impact of the Economic Impact 

of the Proposed World Trade Center Site Redevelopment 



CateRorv 


Construction Phase 


Stabilized Year 


New Direct Spending 


$175,737,600 


$71,700,000 


New Secondary Spending 


$160,220,000 


$57,910,000 


New Total Spending * 


$335,960,000 


$129,610,000 


New Jobs Created 


3,586 


3,632 


New Earnings Created * 


$129,630,000 


$131,290,000 


New State Tax Revenue 


$ 7,140,000 


$ 13,010,000 


New Local Tax Revenue 


$ 3,750,000 


$11,760,000 


New State and Local Tax Rvn. * 


$ 10,710,000 


$24,770,000 


New funds into local economy * 


$476,300,000 


$285,670,000 



$285.67 million injected into the local economy each year, equals over 



$28 trillion into the New Orleans/Orleans Parish economy over the lease. 



172 | P a g e 




The following items below are not conditions precedent to our bid proposal - they are not "deal-breakers. Rather 
the suggestions are presented as outside the "box" thinking that would make a much better waterfront, a much 
better site. We are hopeful the city will work with us on these ideas. If the city is unable or alternatively chooses 
not to do these, our bid stands. Our confidence of success is solid with our proposal. 

(A) We ask the city to join with us and the Hilton Riverside Hotel management to negotiate a new lease on the 
parking garage which was originally built for parking for the World Trade Center building and is now leased to 
Hilton. We ask that Hilton and the World Trade Center building have joint use of the parking, and that the lease be 
rewritten to extend to the end of the lease on the World Trade Center building. Financial terms and conditions 
could be worked out during the four month period after the RFP Award date. 

(B) We ask that the city allow us to build approximately 22 feet above the railroad/streetcar tracks adjacent to 
the World Trade Center building on this WTC site, and to each side adjacent to it, so that we might thereby extend 
the feel and use of the Spanish Plaza, and might also provide safer crossing of the tracks by pedestrians. We solicit 
the city, along with the developer for joint-cooperation with any agencies who have jurisdiction over the railroad 
tracks, streetcar tracks, and air rights above, to construct platform floors over the railroad and streetcar tracks on 
the subject property. 

(C) We ask that the city expedite permitting and approvals on a fast track basis, so that upon signed lease 
agreement we can immediately begin gutting the building, cleaning the exterior, begin renovation of the 
mechanical components, and begin expansion and renovation of the Plaza. The Fast Track approach will allow the 
city and the developer to accomplish our mutual goal that this new public space be ready and operational for the 
city's Tricentennial. 

(D) The city will remain the owner of the property. Therefore, together with the developer/contract holder, we 
ask that the city execute documents required, along with the developer/contract holder to apply for and pass to the 
developer/lease holder all federal and state tax credits that will be approved and no expense to the city. The 
owner of the property requesting tax credits has to be applicant. THE developer/lease holder would technically 
sign with the city, who would ASSIGN ALL TAX BENEFITS/TAX CREDITS, BOTH FEDERAL, STATE, AND LOCAL TO the 
developer/lease holder. 

(E) We RECOMMEND that the city CONSIDER moving the ferry terminal operation away from the foot of Canal 
Street to some other location. This is a central commercial pedestrian location - a primary focus of the city. To 
have an industrial use here is outdated for highest and best use of the land. To direct such abundance of 
unnecessary traffic to this point is perhaps not the best commercial use for the site. We ask that - if the city does 
move the ferry terminal operation to another location - the buildings and dock be left behind untouched, and we 
would like the opportunity to incorporate them into our overall development plans for the site ... subject, of course, 
to an acceptable plan for the city including ultimate negotiation and contract for both sites. 



173 | P a g e 



(F) We are compelled to ask the city to WARRANT IN THE LEASE AGREEMENT that no building of any sort be 
allowed to be erected in the Spanish Plaza on land from the WTC site to the waterfront . 



The RFP issued by the NOBC on January 3, 2013 listed nine goals, required of the Respondents and stated that a 
substantial part of the award would be based on how the Respondents addressed these city requirements. Three of 
those goals had to do with the RFP site's relationship with the Spanish Plaza: "4. Transform the site by creating a 
demand generator to the Riverfront, its enjoyment and use. 5. Improve the pedestrian transition from the French 
Quarter and Central Business District to the site and river and enhance the riverfront view from Canal Street. 6. 
Create a coherent, unified environment through integration of adjacent land uses and spaces." 

Thus, the city was asking us as a respondent/developer to be willing to spend, in our case, up to $200 million in 
investment at this site, clearly tied to the Spanish Plaza - and yet the city, after email request, did not provide 
information that the Spanish Plaza IS CURRENTLY UNDER GROUND LEASE TO ANOTHER MAJOR COMMERCIAL 
ENTITY. That commercial entity may have goals different than ours, and may, after we expend up to $200 million at 
this site, decide to build or engage in their own commercial activities at Spanish Plaza, which would then derive 
great benefit from our investment at no cost to them. 

A valid concern came from our financial consultants is that not three months after this RFP was issued, asking 
respondents to spend money and time to submit proposals to DO SOMETHING with the WTC building, a bill was 
introduced in the Louisiana legislature in early April 2013 to authorize the issuance and sale of public bonds to 
obtain twenty five million dollars ($25,000,000) to RAZE THE WTC BUILDING and AN ADDITIONAL TWENTY-FIVE 
MILLION DOLLARS ($25,000,000) to build a park there. We recognized at once that the city had thought a lot about 
this site, and has assured its citizens a Win-Win situation in any event. If you didn't have our proposal, you might 
have to think about reverting to a tear-down; but WITH ours you have a brighter option. 

Such legislation surely had to have been discussed within the city before it would be introduced at the state level in 
Baton Rouge. OUR RFP APPLICATON PROPOSAL HAS INCURRED OVER TWO HUNDRED AND FIFTY THOUSAND 
DOLLARS ($250,000) with professional consultants, legal, accounting, and tax considerations, hotel management 
discussions with four national flags, and other expert work. An extraordinary number of hours of talented 
manpower diverted from other profit-making endeavor has created this proposal, which we believe speaks for 
itself. We trust that you will see that our submittal shows extraordinary vision to bring the WTC into the 21 st 
century, and provide great benefits for the people of New Orleans. 

Without this BUILDING RESTRICTION ON THE LAND FROM WTC TO THE WATERFRONT AND SURROUNDING THE 
WTC (SPANISH PLAZA) OUR FINANCIAL LENDER (or ANY financial lender) WOULD BECOME HESITANT TO COMMIT 
ON THE SIGNING OF A 99 YEARS LEASE WITH THE FINANCIAL GUARANTEES THAT ARE REQUIRED BY THE CITY. 

OVER THE PERIOD OF THE LEASE TERM THE CITY WILL RECEIVE APPROXIMATELY ONE HUNDRED AND FIFTY 
MILLION DOLLARS ($150,000,000). NOT A BAD ALTERNATIVE TO SPENDING FIFTY MILLION DOLLARS ($50,000,000) 
OF BONDHOLDERS/TAXPAYERS MONEY TO TEAR DOWN AND HAVE A PARK WHEN YOU SEE WHAT OUR PROJECT IS 
GOING TO PROVIDE TO THE CITY! However, it is clear that the city must be commended for its innovative thinking 
in having the request for Fifty Million Dollars ($50,000,000) submitted to Baton Rouge for the alternative of tearing 
down the WTC building and rebuilding a park. You indeed do have a Win-Win situation. If our proposal is chosen, 
there will be substantial financial benefits, more tourism and a more dynamic set of city options. If there is no 
acceptable RFP submission, the city is timely on its application for bond approval from the state. 



174 | P a g e 



Other Requirements 



175 | P a g e 




176 I P a g e 



The $50,000 check submitted with this proposal in response to the RFP is enclosed with our letter of introduction. 
(Copy below) 




177 | P a g e 



On the following pages are copies of forms required to be submitted with this RFP. Originals of these forms are 
enclosed with the letter to the Purchasing Department which accompanies and introduces this proposal package. 



178 | P a g 



CONFLICT OF INTEREST DISCLOSURE AFFIDAVIT 



State of Louisiana Wi^w/rv 

PAjHSH OF fAt RT^f 

Before me. the undersigned authority, came and appeared_ 
_. who. being first duly sworn, deposed and said that: 



He/Sfee is the /M+Hfcaiofr&ntfdC and authorized representative of. <JAt*£S H .BuftCH LLC 

_. hereafter called "Respondent."" 



2. The Respondent submits the attached proposal in response to Citv of New Orleans Proposal 

* 4o&-oMiy . 

3. The Respondent hereby confirms that a conflict(s) of interest -wriste'does not exist 'may wt «t 
in connection with this solicitation which might impair Respondent's ability to perform if 
awarded the contract, including any familial or business relationships that the Respondent, the 
proposed subcontractors, and their principals have with city officials or employees. (If a 
conflict(s) of interest exists and/or may exist, describe in a letter the nature of the conflict, the 
parties involved and why there is a conflict. Attach said letter to this form). 




ndent Representative (Signature) 
(Print or type name) 
(Address) 

Sworn to and subscribed before me. €^l3E j-g^gfi lotary Public, this \ jj day of Aj"cM . 
20\5. 




Notafy Public (sjgnaiui? 
Notary 1D#/Bar Roll # ^1 1 1 : 



RFP No. 4051-01414 



Page 9 



CITY OF NEW ORLEANS 
TAX CLEARANCE AUTHORIZATION 



According to Section 2-8 of the Code of the City of New Orleans. Louisiana 1995, the City may not enter into or make payments under a 
contract, gram or cooperative endeavor agreement with any person, corporation, or entity delinquent in Ciiv taxes. This form supplies the needed 
tax clearance. This clearance is issued without preiudice to am rax liabilities discovered bv audit. 



Please refer to the instructions on the back of this form 



BVS1XESS NAME; 



OtVSER SS'AXfE: 



\)Ams~> H. Suftcrt LLC 



TiPE OF III 'SINES. 



Real. &e~Atst db&jo&a bkjT 




BUSINESS ADDRESS: 



CUPK*}. VA ZCi2<4 



MAILING ADDRESS: 



PERSONAL PROPERTY TAX SI SHIER 



CONTACT TELEPHONE: 



7<qg- eta-soeo 



FAX NUMBER: 



SALES TAX OCCUPATIONAL LICENSE 
NUMBER: 

None' ttj hxjisiMJA- 



E-MAIL ADDRESS: , / 

■34 /ties H.3u*.cu /t4-?*ft*a/M& 7ft/g7Wag— . 

PRINT NAME: 



1K1 iA Vf*)h) 
WtKlUlUe, THIS SO) 



AUTHORIZED SIGNATURE: 




da 1 1: signed: CtA u£ 2C f ^ 

this form with respect lo the tax matters covered a*nd that the above is true anc 



I certify that I have the autWttV to execute this form with respect lo the tax matters covered Jnd that the above is true and correct. 
The City of New Orleans is authorized to inspect and/or receive confidential ta\ information. 



B I REAL OF REVENUE (Room 1WI5) 

This clearance covers Occupational License and Sales/Use taxes 



BUREAU OF TREASURY (Room 1W37) 

This clearance covers Ad Valorem taxes for Real Estate and Business 
Property taxes. 

I hereby assert that after review of the taxpayer's records of this date that I hereby assert that alter review of the taxpayer s records of this date 
the taxpayer IS NOT delinquent in any taxes owed to the city. This that the taxpayer IS NOT delinquent in any taxes owed to the city. 

clearance covers the period today through March I. 20 The above This clearance covers the period todav through March 1. 20_ . 

clearance may be revoked for failure to pay sales tax 



COLLECTOR OF REVENUE DATE TREASURY CHIEF 

1 attest that the taxpayer named above is not delinquent in any taxes owed to the city-. 



DIRECTOR OF FINANCE DATE 



RFPNo, 4051-01414 



Page 11 



CITY OF NEW ORLEANS 
IDENTIFICATION OF SUBCONTRACTORS 



STATE OF teWSk^A 



Before me. the undersigned authority, came and appeared, 
_. who. being first duly sworn, deposed and said that: 



4. He*be is th e/)i4»M«<uift jfo.TA.teX. and authorized representative of Carries tf.&UQCU LLC 

. hereafter called ""Respondent." 

5. The Respondent submits the attached proposal in response to Citv of New Orleans Proposal 

6. The Respondent hereby identifies the following persons, natural or artificial, who are 
retained by Respondent at the time the attached proposal is submitted and who are expected to 
perform work as subcontractors in connection with the Respondent's work for the City, 
Respondent hereby acknowledges and agrees that when new subcontractors not previously 
named are added to the project, they must be promptly identified to the City User Department 
within 48 hours of the change. The official change may not take place unless and until the City 
provides its written approval. 

Person(s) and Company Name (if applicable 
TIO IVOMS, PEREZ- 




sporfdent Representative (Signature) 
(Print or type name) 

WW CwAuex. ktx&sJ>A. .CuPivi>j VA 

(Address) 



Sworn to and subscribed before me. ^ ^-^^ -Notarv Public this I day of A^P| 1 



2013 




Notary Publi 
Notary ID#/Bar Roll # 1 



RFP No. 4051-01414 Page 14 



181 | P a g e 



Sertionl.Resportdent 



Company 


James H. Burch. LLC 


Contact 


James H. Burch 


Address 


13419 Cavalier Woods 
Drive Clifton. VA 20124 


Telephone/Fax 


703.818.8080 


E-Mail 


JimrSJamesHBurch.com 



RFP/RFQ-SolicitationNumber 


4051-01414 


TitleoftheProjectandLocation 


Redevelopment of World Trade Center Site 



DBEPARTICIPATIONPLANSUBMITTEDBY 

Signature: 



PrintedName: 




/IITTEDBYj, 



Date: April 16. 2013 



James H. Burch 



Tit I e : Managing Partner 



ThefollowingemployeewillbetheAdministratorofthisDBEParticipationPlan: 



Name: James H. Burch 



Titlp- Managing Partner 



Address: 



13419 Cavalier Woods Drive 
Clifton. VA 20124 



703.818.8080 



-E-Mail:- 



Jimifl JamesHBurch.com 



Telephone: 

PLEASE NOTE: Because of the nature of this RFP - no definitive specs on component uses, on schedule, or on future panics 
or contractors to be involved, among other tilings - giving the exact percentages and dollar amounts of DBE participants in this 
development is virtually impossible. At this point, we can. however, state with certainty that we WILL COMPLY with the diversity 
requirements of the lease we will have with the city through our DBE Participation Plan. The point of our efforts m this development 
win. obviously, be our General Contractor. The McDonnef Group. The McDonnel Group lias already built and developed protects 
in New Orleans, and have been 100% in compliance with all city DBE requirements. They will do so for their behalf and for ours in 
tliis development. The;- have for years met with prospective DBE firms, used them on other projects, and are intimately familiar « ith 
the process and the success of meetinu any city-required sioals. THESE CITY-REQUIRED GOALS WILL BE MET FOR OCR 
LEASE 

WITH THE CITY FOR 55% OF ALL OCR EXPENDITURES. We will accomplish all DBE eoals required bv the city We 
understand 

that this would probably be a considered in our negotiations with the city, upon award of the bid. 

[3] 



Sectionll.DBEParticipationPlan 

Thefollowing,togetherwithanyattachments,issubmittedasaDBEParticipationPlantosatisfythe 
requirementsofCityofNewOrleansOrdinance70.432.1. 

Thefollowinggoalsareestablishedforthetermoftheproposedcontract.Percentagesmayberounded to 
nearesttenthofapercent. 

1. a.TotalContractValueS 180,737.600 (indudingoptions)(Estimateifnecessary) 

b.TotalSubcontractedS 108.442.560 60 %ofl.a. 

(Inclusiveofallplannedsubcontractingtoalibusinesses.regardlessofsize) 

2. Thefollowingdollarsandpercentagegoalsareapplicabletothecontractcitedabove, a. 
CertifiedSLDBE $ 30.363.920 28 %ofl.b. 

Totalplannedsubcontractingdollarsunderthiscontractwiilgotosubcontractorswhoarecertifiedasa 
State&LocalDisadvantagedBusinessEnterprise(SLDBE)throughtheCityofNewOrleans,Sewerage& Water 
BoardofNewOrleans.Harrah'sJazzCasinoortheNewOrleansAviationBoard.Youcanfindthe mostrecentlist 
ofcertifiedSLDBEfirmsat www.noia.eov/Businesses/Office-of-Suoplier-Diversity .You mayaisocontactthe 
OfficeofSupplierDiversityviae-mailat SupplierDiversitv(S)nola.gov torequesta copyofthelist. 

b. CertifiedLAUCPDBE S 1 ? .013,107 1 - %ofl.b. 

Totalplannedsubcontractingdollarsunderthiscontractwillgotosubcontractorswhoarecertifiedasa DBE 
throughtheLouisianaDepartmentofTransportation'sUnifiedCertificationProgram.Youcan searchfor 
certifiedLAUCPDBEfirmsat www.dotd.la.gov/lettings/subsdebed/dbhq2Q110126.asq . 

c. Local 5 21 .688.5 12 20 %ofl.b. 

Totalplannedsubcontractingdollarsunderthiscontractwillgotosubcontractorswhoarelocal business 
concerns. A local business concern is an Orleans Parish business. 



14] 



Sectionlll.Subcontractor'sScopeofWork 

Providethenameofthefirm,thetypeoffirm(2a.through2d.inSectionll)andtheservices,products and/or 
scopeofworkcommitmentsbythefirm(s). 



NameofFirm: Perez. APC Proposed DBE Participation (%):___!% 

Firm Contact: Angela O'Bvrne 

Address: 317 Burgundy Street. Suite 1 1 aty/state/zip: New Orleans. LA 70112 

Telephone: 504.584.5 100 E-Mail: 

SUBCONTRACTORTYPE:El 2A;D 2B;0 2C; 

SCOPEOFWORK:Oescribebe!oworattochthemarktobsperformedbytheDBEfirm 

Architecture and Planning 



NameofFirm: Perle Proposed DBE Participation (%): 13% 

Firm contact: Megan Fuselier 

Address: 1 050 South Jeff Davis Pkway. Suite 2 1 9 city/state/zip: New Orleans. LA 70 1 25 
Teiephone: 504.304.6136 E-Mail: megan(SperI econstruction.com 
SUBCONTRACTORTTPE:H 2A;L3 2B;0 2C; 

SCOPEOFWORK:DescribebeloworattachthevjorktobeperformedbytheDBEfirm 
Construction Services 



NameofFirm: Creek Sen 'ices LLC Proposed DBE Participation (%): 2% 

FirmContact: Terri Hightower 

Address: ! 1 1 2 5th Street City/State/zip: Harvey. LA 70053 

Teiephone: 504. 362. 9432 E-Mail: t.hightowerfa creekservicesllc.com 

SUBCONTRACTORTYPE:E3 2A;D 2B;D 2C; 

SCOPEOFWORK:DescribebeloworattachthevjorktobeperfcrmedbytheDBEfirm 

Heavy Civil Construction. Site Preparation. Excavation 



NameofFirm: Trimark Constructors LLC Proposed DBE Participation (%): 1 9% 

Firm.contact:. William Rvan 

Address: 3350 Ridgelake Drive. Suite 1 1 1 city/state/zip: Metairie. LA 70002 

Teiephone: 5Q4. 304.3867 E-Maih urvan'Strimarkconstructors.com 

SUBC0NTRACT0RTYPE:!3 2A;D 2B;D 2C; 

SCOPEOFWORK:DescribebeloworattochtbeworktobeperformedbytheDBEfirm 

General Construction 



ATTACHADDITIONALPAGESIFApDITIONALSPACEISREQUIRED 



PartlV.DBEParticipationPlanMethod 

a. ThefollowingmethodwasusedtodeveloptheDBEPartieipationPlan.Pleaseexplain: 

1. Howtheproductsandservicestobesubcontractedwereestablished; 

2. Howtheareastobesubcontractedweredetermined;and 

3. Howtheircapabilitiesweredetermined. 

This project includes design, enuineeriniz. construction, maintenance, loeistical. support and 
services. The subcontract sen ices were based on the subcontractor's professional experience 
and qualifications as well as their classification as qualified DBEs and or Small Locallv- 
Owned Businesses. 



b. IfindirectoroverheadcostshavebeenincludedinthesubcontractinggoalsspecifiedinSectionslI, explain 
the method used in determiningthe proportionate share of indirect and overheadcosts to be allocated to 
subcontractors: 

\o Developer indirect or overhead costs w ere allocated to subcontractors costs in Section 11. 



[6] 



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187 | P a g e 



ATTACHMENTS 



Letters of Commitment by Major Participants in this Proposal 



188 | P a g e 



fficDonneL 

53 



Aprils, 2013 

Attn: Jim Burch 
Company 
Address or Email 

RE: World Trade Center Redevelopment Project 

Preconstruction and Construction Services, Tax Credit Consultation 

Dear Mr. Burch, 

The McDonnel Group is honored to have been selected as part of the team to pursue the redevelopment of the iconic 
World Trade Center Building in New Orleans, LA. The services that McDonnel will provide include: 

L. Complete Construction Services 

Preconstruction, Estimating, Project Management, Construction Management, Field Logistics, Project Close-Out 

2. Tax Credit Consultation 

Alan Ihriffiley, McDonnel's Administrative Manager, has been managing the finances of construction companies 
since 1975. With an extensive accounting and tax preparation background, Alan is well versed in researching 
local, state, and federal tax credits to assist our clients in obtaining maximum benefits on their projects. Alan will 
lead the tax credit consultation services to research and guide the implementation of any and all available credits 
applicable to the World Trade Center Redevelopment Project. 

We appreciate the opportunity and look forward to being part of the team that sees this project through to its fruition. 
Please call us if you have further questions. 



Sincerely, 




Allan McDonnel 
President 



3350 Ridgelake Drive, Suite 170 Metairie, LA 70002 
P 504.219,0032 | F 504.219,0095 | 



5J 



189 | P a g e 



WATG 



- ■ 

09 April 2013 

tandsiape 

James H. Eurch, LLC 
13419 Cavalier Woods Drive 
Clifton, VA20124 
703-818-8080 

Via Electronic Mail JimfgHamesHBurch.com 



SUBJECT: Letter of Interest to Propose on Conceptual Design Services 
New Orleans World Trade Center Redevelopment 



Dear Mr. Burch: 

WATG is pleased to express our interest to act as the conceptual design firm on the James H. Burch, LLC team 
if chosen for the Redevelopment of the New Orleans World Trade Center Project in New Orleans, Louisiana. 

We are pleased to offer you exceptional design talent, unique management capabilities, and the enthusiasm to 
provide a creative design for your proposed New Orleans World Trade Center Redevelopment Project 
Development. Below is a brief explanation of the value that WATG and Wimberly Interiors bring to your team: 

> Track record of designing distinctive destinations 

According to Travel + Leisure and Conde Nast Traveler magazines, 49 of the world's 1 00 most 
successful hotels were designed by our firm. Our approach to destination development goes beyond 
the design, and includes an understanding of the consumer, the journey of the user, and an in-depth 
knowledge of property operations. We have a track record of success in creating destinations that 
appeal to travelers from around the world. 

> Equal emphasis on creativity and the bottom line 

We are just as interested in how properties perform - functionally, financially, and aesthetically. Good 
design improves our clients' top- and bottom line as has been shown by Smith Travel Research results 
that show our properties have outperformed their direct competitive sets in rate, occupancy and 
REVPar for 20 years now. Our experience yields quantifiable results in terms of asset values, revenue 
potential, profitability and return on investment. 

> Knowledge of worldwide destination design trends 

As active participants in such international organizations and programs as the Urban Land Institute, 
Cornell's Center for Hospitality Research, Radical Innovation in Hospitality - and as proprietary 
sponsors of research on affluent travelers - we are in a unique position to share insights that will help 
position your luxury all-inclusive property for success in the future. 

Our team is delighted at the prospect of working with you on this exciting project and appreciates the 
opportunity to submit our qualifications. Please do not hesitate to contact us if you have any questions 



WATG | 800: Irvine Center Drive. Suite 500. Irvine. California 92618 USA | teUI 949 574 8500 | vvatg.com 



WAT G 



regarding the information sent. We appreciate your interest in WATG and look forward to collaborating with 
James Burch. LLC on this most intriguing opportunity. 



Kind regards. 




Monica Cuervo 
Associate Vice President 
Managing Director, Irvine 



Perez. 



ARCHITECTURE 

ENGINEERING 

PLANNING 

INTERIORS 

LANDSCAPE 

CONSTRUCTION 

DEVELOPMENT 



April 11, 2013 



Mr. James H. Burch 
James H. Burch, LLC 
13419 Cavalier Wood Drive 
Clifton, VA 20124 

RE : Redevelopment of the 
World Trade Center 
New Orleans, LA 

Dear Mr. Burch, 

Thank you for giving Perez the opportunity to work with you on the proposal for the Redevelopment 
of the World Trade Center in New Orleans, LA. We look forward to working with you and 
completing the project upon execution of a contract with the City of New Orleans. 

I look forward to hearing from you soon. 



President 
AOB/kab 



PEREZ. A PROFESSIONAL CORPORATION 

317 BURGUNDY STREET. SUITE 11, NEW ORLEANS. LOUISIANA 70112 
TELEPHONE 504.584.5100 FACSIMILE 504 584 5140 www.e-perez.com 

CHICAGO • DENVER • DICKINSON ND • HOUSTON • LOS ANGELES • MOBILE • NEWYORK • PHOENIX ■ SAN FRANCISCO ■ WASHINGTON DC 



Sincerely, 




192 | P a g e 



Peter Capone, AIA 



3981 Roblar Avenue, Santa Ynez, California 93460 
805-895-3552 



James H. Burch 
James H. Burch LLC 
13419 Cavalier Woods Drive 
Clifton, VA 20124 



Dear Mr. Burch: 



It is with great interest that I have watched your unfolding plans to redevelop the World 
Trade Center Building in New Orleans. As you know, I was Edward Durrel Stone's partner 
and confidant during the period when he was designing that building, and I helped him on 
it. I am quite aware of what he saw as its most salient features, and can assist you in 
preserving the integrity and character of the building in your redevelopment. 

Therefore, I am happy to offer my services as a consultant to your architectural team as 
you progress on this project. This is a building dear to my heart. 




Peter Capone, AIA 



193 | P a g e 



SCHNELLBACHER DEVELOPMENT SERVICES, LLC 

1621 SW Mulvane Street 
Topeka. Kansas 
785.224.4741 

GSCHNELLBACHER@HOTMAIL.COM 

April 10, 201 3 

Mr. Jim Burch 

Managing Member 

James H. Burch LLC 

1 341 9 Cavalier Woods Drive 

Clifton, Virginia 20124 

Re: Financial Feasibility Analysis - Redevelopment of the World Trade Center 
Building, New Orleans, Louisiana 

Dear Mr. Burch: 

At your request, SDS is pleased to present this preliminary engagement outline 
under which we would be willing to provide a financial feasibility analysis for the 
proposed project utilizing master lease terms with the City of New Orleans, 
estimated construction costs, applicable tax credit information and other relevant 
information pertaining to the redevelopment of the World Trade Center building, 
New Orleans, Louisiana. 

As we understand this project, the proposed project is to redevelop an existing 
vacant building into a mixed-use property containing hotel rooms, residential 
apartments, office space, international tourism exhibition, retail space, and open 
public space for entertainment uses. Additionally, a parking garage will be either 
configured from among present options, or constructed to accommodate the 
parking requirements of the various uses. The finalized configuration, interior 
quality and other such finish details and uses will be provided after the acceptance 
of your RFP by the City of New Orleans and the completion of the design phase of 
the project. Consequently, please let this letter serve as my engagement outline to 
start the discussion of the finalization of an engagement letter, under which we 
would be willing to develop our financial feasibility analysis report. 

We are confident of our ability to perform this assignment based upon our 
experience with mixed-use development projects in Texas and Oklahoma, and our 
hotel market studies and valuation projects within the city of New Orleans. (A 
partial list is included at the end of this letter) 



-SCHNELLBACHER DEVELOPMENT SERVICE- 

Page 1 



Scope of Work 

The scope of my work will include, but not necessarily be limited to, the following: 
Data Analysis 

• Review any available planning materials relative to the project. Such 
materials should include site plans, preliminary drawings, proposed 
improvement descriptions and uses, construction costs, marketing 
programs, tax credit information, contracts, leases, financial documents 
and projections, along with other such related data. 

• Meet with you and/or your associates in person or by teleconference prior 
to commencing fieldwork in order to better understand the site, market and 
details of the proposed mix-use development. At this meeting we will 
discuss any questions related to the aforementioned topics and obtain 
additional input from you that confirms or amends our understanding of 
the details of the project and provides additional pertinent information. 

• Assemble and review economic, demographic, real estate transaction data 
pertaining to the market area, in general, to evaluate the present economic 
climate and future growth potential of the community. 

• Analyze the future performance of the various aspects of the proposed 
mixed-use development over a period extending through the first ten years 
of development, based on a hotel occupancy and rate study. Lease and 
occupancy studies for the residential apartments, international tourism 
exhibit "Eyes on the World," office space and retail space to obtain the 
operating income, expenses and projections as detailed in your finalized 
documentation. Estimates as to the cost of providing entertainment in the 
open public space will be developed and included in the analysis. 

• Research the contributory value of any city, state or federal tax credit and 
abatement programs. 

• Calculate the rate of return for the project once the equity and financing 
components are determined. 

• Present key data and analysis to you for review and discussion prior to 
completion of the report. 



-SCHNELLBACHER DEVELOPMENT SERVICE- 

Page 2 



Financial Projections 



• Prepare estimates of annual revenue and expenses for the project to the 
point of annual net income before debt service and income taxes for the 
first ten years of the developments to determine the rate of return 
applicable from the various aspects proposed in the mixed-use 
development. 

• Estimate the contributory nature of the tax credits and incentives, along with 
the expected funding requirements to complete the development of the 
projects. 

• The basis for the prospective financial analysis and key assumptions 
underlying inflation estimates will be developed and discussed in the 
financial section of the report. 

Summary Report 

• Prepare a concise summary report presenting our findings, conclusions and 
recommendations concerning the various aspects of the proposed mixed- 
use development. The following topic headings provide an overview of the 
expected content: 

- Area Economic Overview 

- Improvement Description 

- Construction Costs and Public Space Utilization 

- Analysis of the Tax Credits and Incentives 

- Estimated Project Performance for the First Ten Years 

- Financial Feasibility Analysis with Rate of Return 

Meetings 

We will hold telephone conferences with you at a mutually agreeable time to begin 
the engagement. Telephone conferences of short duration will not be considered 
"meetings" - nor will our meetings with my staff to gather research data. 

Additional meetings are not normally contained within our fee estimate and are 
usually billed at our standard per diem rates of $250 per hour or SI ,500 per day 
for my services, plus travel expenses when applicable. Should you wish to discuss 
inclusion of a specified number of meetings with various government officials or 
partners, we can include such costs in the finalized engagement letter. 

Limiting Conditions 

The summary report will be subject to the attached standard statement of 
assumptions and limiting conditions. 



-SCHNELLBACHER DEVELOPMENT SERV1CE- 

Page 3 



Fees 



Our fee for this engagement is based upon the estimated amount of time spent in 
the performance of the work, as outlined above, at my standard rate. 
Unfortunately, at this point in the development process of this project, I am unable 
to determine the total amount of time required to complete this project to your 
satisfaction and am therefore, unable to provide you with a fee quote. 
Once the RFP is accepted by the City of New Orleans and the concept is finalized. 
We will be willing to provide you with a fee for our services. 

In addition to our base fee, travel costs, subsistence, courier service, report 
production, graphics, third party data, long distance telephone and other out-of- 
pocket expenses will be invoiced in addition to our professional fees. Three sign 
original report will be provided at completion. Additional copies will be provided 
for an additional per report fee. 

Engagement Timing 

SDS will commence work at a mutually agreed upon time after acceptance of the 
finalized engagement proposal and receipt of the retainer. Assuming no unusual 
circumstances, SDS plans to complete the assignment within three months, 
thereafter. 

We appreciate the opportunity to present this preliminary engagement letter to you 
and look forward to working with you on this exciting project. 

Best regards, 

Schneilbacher Development Services 




C. Gary Schneilbacher 
Principal 



-SCHNELLBACHER DEVELOPMENT SERVICE- 

Page 4 



Partial list of New Orleans and similar projects completed by C. Gary 
Schnellbacher; 

• Appraisal of Ritz Carlson, New Orleans - before and after Katrina, and 
after repair 

• Plaza Tower apartment and condominium market study, New Orleans 

• Several confidential market studies for New Orleans Hotels 

• Proposed resort market study, Orange Beach, Alabama 

• Proposed Convention Hotel market study, Jackson, Mississippi 

• Casino-related hotel market study, Shreveport, Louisiana 

• Market Study for Red River Mixed-use development on Oklahoma side of 
the Red River 

• Appraisal of Marriott PGA, San Antonio, Texas 

• Local development incentive programs and residential opportunities 
study in Downtown San Antonio for San Antonio Business Alliance 

• Hotel-Related Condominium market studies - Houston, Dallas, Austin, 
San Antonio, Texas and Tempe, Arizona 

• Appraisal of Lajtas Resort, infrastructure and residential developments, 
Lajtas, Texas 



-Schnellbacher Development Service- 
Page 5 



IJU 



Dorian 
Bennett 



Sotheby's 

INTERNATIONAL REALTY 



2340 Dauphine Street. New Orleans. LA 70 1 1 7 
1.504.944.3605 f 504.948.3401 
www, d bsir.com infn'Srlhsir.cam 



April 10, 2013 



To Whom It May Concern: 



1 am please to be able to represent the leasing of the lu\ur\ residential units (42 1BRTBA units 
and 46 2BR.2BA units) that " ill be built in the redeveloped World Trade Center building, among 
Other uses, by the developer. James H. Burch. LLC. 

[ think they will be a wonderful fit into the creative new uses of that building, and that because of 
both the energy of lite site as proposed and of the privacy of entrance and use thai is envisioned to 
be designed into the architecture - potential tenants will find tins building a great draw. 

1 do believe these units will be marketable because upper end renters like to be in and^or near the 
French Quarter and the Central Business District, the job market shows sleadv growth and the 
high end rental activity is brisk in the local market. 

If you have any questions please feel tree to call me on m> cell phone 504.2j6.768R. 



President 

Dorian Bennett Sotheby's International Realty 

2110 Dauphinc Street 

New Orleans, LA 701 17 USA 

t 504.944.3605 

f 504.948.3401 

c 504.236.7688 

Licensed in Louisiana and Mississippi 




DMB'wv. 



I am very excited about the prospect of returning to New Orleans and this project provides the 
perfect venue. As you know, this city has always been close to my heart, and the proposed 
development of the World Trade Centre, as envisioned by James H. Burch LLC speaks of the spirit 
and vitality of New Orleans and its people. This project with be a magnet for tourists and locals alike. 
It will provide extraordinary benefits to the city, state, region and the country overall. It will show the 
world that New Orleans has recovered from the devastation of Katrina, and is back to being the 
vibrant, unique city it once was. 



We feel the addition of Danny O'Flaherty's Folk World to the World Trade Centre will compliment the 
vision set forth by Mr. Burch. We will work together to bring the world to New Orleans and New 
Orleans to the world by promoting the spirit and energy so unique to the area. The establishment will 
provide patrons with the best in live, authentic folk music from around the world. It will help bring the 
world's music and culture under one roof, in an entertaining and educational way. It will showcase 
different countries through their music, composition and cuisine. 



The proposed redevelopment of this iconic, world centric, New Orleans based landmark will once 
again be a signature for this great city. This glorious structure, with its amazing amenities will have 
so much to offer, from office buildings to residential rental units, restaurants to nightclubs, beautiful 
gardens and common areas. It will be unparalleled and stand unique just like our city. The location of 
the World Trade Centre stands tall in a perfect location to draw visitors and tourists. The proposed 
completion of the project, set to coincide with the tricentennial celebration of the city will indeed 
send the message that New Orleans is once again a thriving, exciting city reclaiming its position in 
the world as one of the best places in which to live and visit. 



O'Flaherty's Irish Channel Pub was a national landmark in this city for 16 years. Its mission was to 
provide a place where individuals could experience all the Celtic cultures. Danny O'Flaherty's Folk 
World is an even bigger vision to bring the world together in the spirit of music and song and to 
promote a sense of unity and acceptance to all who come to New Orleans. I am ready to embark on 
this journey with James Burch to bring this vision to life. 

Sincerely 



Danny O'Flaherty 



Arey-Peer Partnership 



231 Seneca Road • Great Falls, Virginia 22065 • 703-789-7612 • peter@areyinc.com 



Mr. James H. Burch 
James H. Burch LLC 
13419 Cavalier Woods Drive 
Clifton, VA 20124 

April 1. 2013 

Dear Jim, 



It has been a pleasure working with you towards the submission of your proposal responding to 
RFP No. 4051-01414 from the New Orleans Building Corporation. I am encouraged by the 
prospects of this submission, and by the great potential it holds for that city. 

We have been working toward my company. Arey-Peer Partnership, becoming the Construction 
Manager/Owner's Representative for the development and construction of this project. I look 
forward to concluding that and moving into the full-fledged construction at this development as 
quickly as possible. I understand we would want to finish as much as possible, certainly the 
exterior, by the city's TriCentennial celebration in 2015. 

As you know, Steven Peer and I have had extensive experience in the development and 
construction of projects of this size. With you, we can make this happen. 



Sincerely, 




Peter Arey 
Partner